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 …
China Retaliations to Harm U.S. Ag
Agriculture groups say trade retaliations from China will “costs farmers their livelihoods.” China announced retaliation efforts to the Trump administration’s tariffs on steel and aluminum. The American Soybean Association says “It’s extremely frustrating” the administration is targeting the nation’s largest trading partner during a time of low farm income. American Farm Bureau Federation President Zippy Duvall echoed those comments, stating …
Trade Issues Pose Farm Bill Challenges
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 …