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 Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
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 …
Exports of Peanuts Down
While exports of U.S. peanuts are down, Tyron Spearman reports the numbers are not as low as earlier predicted. Peanut Export Update Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
China: U.S. “Severely Damaged” Multilateral Trade
Steel and aluminum tariffs crafted by the Trump administration based on national security have “severely damaged” the multilateral trade system, according to officials from China. In a translated news release, a Chinese trade official says the nation will take legal actions through the World Trade Organization to “maintain the stability and authority” of multilateral trade. The comment came late last …
Trade Tiff with China Serves as Negotiating Primer
A leading U.S. agricultural economist suggests that the trade issues with China serve as a vehicle for negotiations. Purdue University agricultural economist Chris Hurt says China may be simply signaling the U.S. that the nation wants to negotiate, just as the U.S. has seemed to signal to China in crafting the tariffs. That seems to be the case, too, according …
AEM’s Slater: Lift Steel Tariffs to Support Manufacturers
AEM President Dennis Slater issued the following statement last week Friday in response to President Trump’s import tariffs on steel taking effect: Equipment manufacturers remain disappointed at President Trump for allowing harmful steel tariffs to go into effect today. While exemptions for our strategic partners are encouraging, AEM opposes any steel tariffs as they will disrupt the entire global trading …
Meat Exports on the Rise for U.S.
Last week, President Trump requested a three-year extension of trade promotion authority, but the request comes amid growing concerns over the direction of the administration’s trade policy. And despite what we are hearing about trade issues, USDA is projecting that U.S. meat exports will rise this year just as production rises. Gary Crawford has the story. U.S. Meat Exports on …