The American Soybean Association and its grower-members are urging labor union and port management representatives to get back to the negotiating table and resume bargaining talks. The ASA is concerned about possible trade disruptions at East Coast and Gulf of Mexico ports, which would negatively impact agricultural and food product exports to key markets. The ASA joined several industry stakeholders …
USDA Trims Red Meat Production Numbers
USDA slightly reduced its projections for red meat and poultry production in 2018. The forecast is slightly lower than last month, primarily due to a drop in beef production, which will more than offset increased pork and turkey production. The latest World Ag Supply and Demand Estimates Report says broiler production remains unchanged. USDA sees lower cattle slaughter and weights, …
Business, Farm, Union Groups React to Trump’s Tariffs
Reaction to the tariffs on steel and aluminum imports has been mixed among different sectors of the economy. The Hagstrom Report says Business Roundtable President and CEO Joshua Bolten calls the tariffs a major unforced error by President Trump that will put America’s economic progress at risk. He says, “The tariffs will cause significant harm to industries that rely on …
AEM’s Slater: Trump Tariffs Won’t Help U.S. Manufacturers ‘Win’ Again
AEM worked to discourage President Trump from imposing heavy tariffs on steel and aluminum imports after the president said he intended to do just that this week. AEM is assessing the impact of Trump’s announcement last week that he would impose 25 percent import tariffs on steel and 10 percent import tariffs on aluminum. “President Trump shouldn’t undercut his own …
WTO Worried About Trade Wars Resulting from Trump Tariffs
The head of the World Trade Organization (WTO) is concerned about President Donald Trump’s plans to impose a tariff on both steel and aluminum imports into America. Director General Roberto Azevedo says a trade war is in no one’s best interests. “The WTO is concerned about the U.S. plans for tariffs on steel and aluminum,” he says, “and the potential …
European Union Will Hit Back Against U.S. Tariffs
The President of the European Commission says he’ll “bring forward in the next few days a proposal for WTO-compatible countermeasures against the U.S.” Politico says the move is intended to hit back against the steel and aluminum tariffs announced on Thursday by President Trump. The Commission says the 25 percent tariff on steel and 10 percent on aluminum will directly …
Ag Groups Concerned About Trade Retaliation
U.S. Wheat Associates and the National Association of Wheat Growers were both very disappointed in the Trump Administration’s decision to impose tariffs on steel and aluminum imports. A statement says they have repeatedly warned of the risks of retaliation and the precedent set by such a policy would have potentially serious consequences for agriculture. The groups say it’s disappointing that …
Trump Will Impose New Tariffs on Steel and Aluminum
After hosting what the White House initially called a “listening” session, President Donald Trump took American investors by surprise Thursday. Trump announced to the group attending the meeting that he will be imposing the long-rumored steel and aluminum tariffs next week. A Zero Hedge Dot Com article says the president will impose a 25 percent tariff on steel imports and …
USDA Projecting Strong Red Meat, Poultry Exports
In spite of a strong U.S. dollar, the USDA is projecting red meat and poultry exports= to rise steadily over the next decade. The trade website, Meating Place Dot Com, says steady global economic growth, especially in developing economies, will drive foreign demand from the U.S. market. After dropping in the early part of this decade, beef exports should begin …
China Removes Duties On US Chicken
Market Remains Closed to US Poultry And Egg Exports China’s decision to drop anti-dumping and anti-subsidy duties as of Tuesday on U.S. broilers was welcomed by the U.S. industry, but the decision is not expected to have any immediate, direct impact because the China market remains closed to U.S. poultry and egg exports due to an ongoing avian influenza ban …