China has filed a dispute with the World Trade Organization alleging the U.S. tariffs on steel and aluminum violate world trade rules. However, the nation also re-confirmed it will open its economy by lowering tariffs on cars, paving the way for negotiations. “Actions speak louder than words” when it comes to China, one U.S. economist told Reuters. But, China’s President …
Trade War Help for Farmers: All Options on the Table
A top Department of Agriculture official says “all options are on the table” when it comes to finding relief from a trade war with China for farmers. Deputy Secretary of Agriculture Steve Censky told reporters earlier this week USDA is “looking at all of our authorities” to find ways to assist farmers, according to Politico. Those options include buying up …
Proposed Tariffs Realigning Soybean Trade
The proposed tariffs on U.S. soybeans as part of the trade war beginnings between China and the U.S. is shifting trade habits. Trump announced the intention last week to seek $100 billion of tariffs on additional Chinese products, which comes after China announced intention of a 25 percent soybean tariff. Data from the Department of Agriculture Friday shows other nations …
Trump Pledges to Protect Farmers as He Considers More China Tariffs
As President Trump considers more trade actions against China, he’s asking Agriculture Secretary Sonny Perdue for a plan to protect farmers from Chinese trade retaliation. Gary Crawford has the story. Trump Pledges to Protect Farmers as He Considers More China Tariffs Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, …
Trump Acknowledges Ag Pain Due to Tariff Talk
In a speech on Thursday, Politico says President Trump admitted publicly that his trade crackdown is causing U.S. farmers and ranchers to feel pain. He also says steps will be taken to address that reality. The president has directed Ag Secretary Sonny Perdue “to use his broad authority to implement a plan to protect our farmers and agricultural interests.” Perdue …
The U.S. Calls For Additional $100 Billion In New Tariffs on Chinese Goods
A Bloomberg Report says President Donald Trump ordered administration officials to consider imposing an additional $100 billion worth of tariffs on Chinese goods. That announcement heightened concerns the two nations are heading toward a trade war. The move could unravel efforts by officials from both countries to take the rhetoric down a notch and come together to negotiate an agreement …
White House Trade Chief Says U.S./China to Hold Trade Talks
A Bloomberg report says that American and Chinese officials have both indicated a willingness to find a negotiated solution to their trade differences. Top government officials are expected to hold talks before American tariffs on Chinese imports will take effect. White House Trade Adviser Peter Navarro tells CNBC that Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will lead …
Perdue Says Trade War May Affect the New Farm Bill
Ag Secretary Sonny Perdue says a potential trade dispute with China could have negative consequences on the new Farm Bill Congress is currently working on. Politico says Congress may need to factor in possible trade disruptions while working on the new legislation. China announced that dozens of U.S. farm products, including soybeans and beef, could potentially face a 25 percent …
USMEF on China’s Additional Import Duties on U.S. Pork
Earlier this week the Chinese government announced the imposition of additional import duties on a range of U.S. products, including a 25 percent duty increase, on top of the existing 12 percent duty, on imports of U.S. pork and pork variety meat. U.S. Meat Export Federation (USMEF) Joe Schuele has more. USMEF on China’s Additional Import Duties on US Pork …
Market Experts: Keep China Tariff in Perspective
No one has officially declared ‘war’ in the way of trade between the U.S. and China, but the nations are no doubt in the makings of a trade war. President Donald Trump insisted that “we are not in a trade war with China.” However, China fired back a proposed list of tariffs less than 24 hours after the Trump administration …