During a Senate hearing last week, Senate Agriculture Committee Chairman Pat Roberts linked the state of U.S. trade to the farm bill, remarking trade presents more challenges to the farm bill. Speaking last week at a Senate Finance Committee hearing with U.S. Trade Representative Robert Lighthizer, Roberts simply said: “This is not a good situation.” Speculating that if Congress needs …
Farm Bureau Concerned About Possible Chinese Trade Retaliation
The following statement on possible trade retaliation by China against U.S. farm exports may be attributed to American Farm Bureau Federation President Zippy Duvall: “If the trade situation continues to deteriorate, our lives as farmers and ranchers will become more difficult. America’s farmers and ranchers export more than $21 billion of farm products to China – more than 20 percent …
Farmers for Free Trade: Tariffs Make American Farmers a Target
Brian Kuehl, Executive Director of Farmers for Free Trade, says the Section 301 tariff announcement against China is bad news for American agriculture. The group says these tariffs will put a target on the backs of American farmers. Kuehl says, “In fact, in testimony this week, U.S. Trade Representative Robert Lighthizer says that ‘farmers get the short end of the …
More U.S. Trading Partners Exempted from Tariffs
During testimony before the Senate Finance Committee, U.S. Trade Representative Robert Lighthizer confirmed that the European Union, Australia, Argentina, Brazil, and South Korea will be exempted from tariffs on steel and aluminum. A Politico report says Lighthizer told the committee that, “the president has decided to pause the imposition of the tariffs with respect to those countries.” The levies are …
Trump: China Tariffs Will Total $50 Billion
President Donald Trump announced an estimated $50 billion in tariffs against Chinese imports today. Bloomberg says it’s a retaliatory move against intellectual property violations. The move will take effect on more than 100 different types of Chinese products. The overall value of the tariffs was based on economic estimates of the damage caused by those intellectual property violations. Last year, …
John Deere Concerned About Trade Retaliation
The world’s largest maker of agriculture equipment, Deere and Company, is worried that possible trade tensions between the U.S. and other countries could affect its machinery sales. A Bloomberg report says the steel and aluminum tariffs on imports to America will have an impact on the company. But, Deere is much more worried about possible trade retaliation that could target …
U.S. Talking With Other Countries About Tariff Exemptions
The U.S. is currently discussing the possibility of steel and aluminum tariff exemptions with a handful of other countries. A Reuters report says America is currently in talks with the European Union, Australia, and Argentina. U.S. Trade Representative Robert Lighthizer testified before the House Ways and Means Committee Wednesday that President Donald Trump will soon make a decision on imposing …
Trump Administration Formally Requests Fast-Track Extension
President Trump formally requested a three-year extension of trade promotion authority on Tuesday. Politico says the trade promotion authority allows the president to negotiate free trade agreements that he can submit to Congress under fast-track approval procedures. However, the request comes amid growing concerns in the Republican party over the direction of the administration’s trade policy. Trump’s message to Congress …
EU, U.S., to Talk Tariff Exemption
The European Union and U.S. Commerce Secretary Wilbur Ross are meeting in Washington, D.C. this week to consider a potential tariff exemption. The EU is exploring an exemption from President Donald Trump’s steel and aluminum tariffs, according to Politico. The EU is seeking “more clarity” on the criteria on which such an exemption could be granted. U.S. Trade Representative Robert …
Agri View: Trade, Politics Impacting Farm Jobs
Everett Griner talks about how trade and politics directly impact farm jobs and farming in today’s Agri View. Trade, Politics Impacting Farm Jobs The uncertainty of the future of NAFTA (North American Free Trade Agreement) has a lot of people, besides farmers, concerned. If you look at the current structure and the possibilities, you can see why. An estimated 21 …