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 …
Groups Respond to Proposed Chinese Tariff Announcement
From American Farm Bureau Federation (AFBF) The following statement on the Chinese tariff announcement may be attributed to American Farm Bureau Federation President Zippy Duvall: “Farmers and ranchers are, by necessity, patient and optimistic. We know markets ebb and flow. But China’s threatened retaliation against last night’s U.S. tariff proposal is testing both the patience and optimism of families who …
U.S. Dairy Export Council Seeks Market Growth in China
The U.S. Dairy Export Council Monday announced a partnership with a university in China to grow U.S. exports in China. The Council has signed a memorandum of understanding with Jiangnan University to establish the U.S.-China Dairy Innovation Center at the university. Tom Vilsack, U.S. Dairy Export Federation President and CEO says the partnership is a “game-changing agreement” that will lead …
Ag Trade Group: China Tariffs a Tax on Farmers
A U.S. agricultural trade group says the tariffs announced by China are a tax on U.S. agriculture. Farmers for Free Trade, a coalition formed to promote agricultural trade, says the tax stems from protectionist trade policies by the Trump administration. Max Baucus, the organization’s Co-Chair, says the new tariffs “are a drag” on farmers struggling to make ends meet with …
RFA Comments on China’s Latest Attack on U.S. Ethanol and Farmers
On Monday, China added a 15% tariff on U.S. ethanol imports. The move came in response to the Trump Administration’s announcement of duties on imported aluminum and steel products. This is in addition to an already-imposed duty of 30%, making the total tariff 45% on U.S. ethanol. Renewable Fuels Association President and CEO Bob Dinneen had the following statement: “Once again …
Chinese Ambassador on Possible Soybean Trade Sanctions
As the world’s two largest economies appear to be moving closer to a possible trade war, U.S. Ambassador Terry Branstad is warning China about the consequences of trade sanctions on U.S. soybeans. Branstad told Bloomberg Television that any attempts to cut down on U.S. soybean imports would hurt Chinese consumers more than it would American farmers. The crop provides a …
Peanut Industry Seeking More Funding for Exports
The peanut industry is supporting efforts for Congress to increase funding for the Market Access Program (MAP) and Foreign Market Development Program (FMD) in the new Farm Bill. Tyron Spearman has the details. Peanut Industry Seeking More Funding for Exports
KORUS Agreement a Relief to Agriculture
Agriculture was ‘left out’ of the U.S.-Korea (KORUS) Free Trade Agreement renegotiation effort, a relief to the sector. For many in agriculture, there was more to lose than gain in the renegotiation effort. The U.S. is the largest supplier of beef to Korea and the second largest pork supplier. Data from the U.S. Meat Export Federation shows red meat exports …
Protecting Ag from Trade Retaliation
Many in the agricultural sector are worried about possible retaliation against the U.S. for announced tariffs on imported steel and aluminum. But according to a story from Rod Bain, the President’s Special Assistant for Agriculture says the White House will do everything in its power to protect the farm sector from the impacts of potential retaliatory trade actions. Protecting Ag …
U.S. Producers Worried about Retaliatory Tariffs from China
China is threatening to impose stiff retaliatory tariffs on U.S. pork and soybeans, and that has U.S. producers worried. China’s wasted no time in coming up with a list of U.S. targets for retaliation for billions in U.S. tariffs on Chinese metals and IP-related goods. Politically-sensitive U.S. pork and soybeans, as feared, are on China’s retaliation list. U.S. Producers Worried …