The tariff increases for Chinese imports that were scheduled to be implemented on Oct. 1 are now being delayed by two weeks, in what President Donald Trump is calling “a gesture of good will.” The announcement made via Twitter came on the heels of Chinese officials granting a one-year exemption on retaliatory tariffs on 16 American products. President Trump noted …
NPPC Statement on China Market Access
WASHINGTON, D.C. (NPPC-Sept. 13, 2019) — Chinese media reported that it was suspending the imposition of punitive tariffs on U.S. pork imports. The following is a statement from National Pork Producers Council (NPPC) President David Herring, a pork producer from Lillington, N.C.: “If media reports are accurate, this is a most welcome development. The Chinese have placed punitive tariffs of …
Pork Producers Urge Congress to Ratify USMCA
Gene Edited Livestock Regulatory Framework, Pending GIPSA Rule Also Addressed WASHINGTON, D.C. (NPPC-Sept. 12, 2019) – Congressional ratification of the U.S.-Mexico-Canada trade agreement (USMCA), allowing the U.S. pork industry to maintain zero-duty market access to two of its largest export markets, remains a top priority for the National Pork Producers Council (NPPC). More than 120 pork producers from across the …
Urging Congress to Pass USMCA
Congress returned to session this week but is facing a busy legislative agenda with little time to get it done. But one item of interest to many in agriculture is passing the U.S. Mexico Canada (USMCA) trade agreement, worth some $2 billion in new export sales. Mexico has ratified it, Canada says it will, but U.S. lawmakers are busy with …
Navarro: Congress Will Pass USMCA Yet This Year
(NAFB-September 11, 2019) — Peter Navarro says there is a 100 percent chance Congress will pass the U.S.-Mexico-Canada Agreement (USMCA). The advisor to President Donald Trump told CNBC news that he “can’t imagine that Nancy Pelosi would not put this on the floor to at least have a vote.” He expects the vote will occur before the end of this …
U.S. and China to Talk Trade Next Month
It has been announced that negotiators from the United States and China will meet in October to discuss trade issues. Following a phone conversation between China’s Vice Premier and U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer Thursday morning, China announced negotiators plan to travel to Washington next month for high-level talks, and will continue consultations through …
Hoping to Restore Trade Relations with China
Trade issues have been a concern for many in agriculture for quite some time, especially with what has been taking place between the U.S. and China. It was back in April when the National Cotton Council (NCC) joined with more than 40 other agricultural organizations in writing a letter to President Trump regarding the trade situation with China. And NCC Vice President …
USMEF Leading Delegation of Producers in Japan
On August 25th it was announced that the U.S. and Japan had agreed in principle on a trade deal that will greatly improve access for U.S. red meat in Japan, the largest value destination for U.S. pork and beef exports. This week, the U.S. Meat Export Federation (USMEF) has been leading a delegation of pork, beef, corn and soybean producers and other U.S. ag …
CBO: Trade War to Slow Economic Growth
(NAFB) — The bipartisan Congressional Budget Office says the trade war will slow economic growth, adding more fears of a possible recession.The CBO says tariffs, which reduce U.S. gross domestic product through higher prices, reduces consumer purchasing power. The report predicts the economy will grow at 1.8 percent per year over the next decade, below historical average growth rates. Agriculture …
Perdue on U.S.-Japan Trade Deal
When it was announced that the U.S. and Japan had agreed in principle on a trade, U.S. Agriculture Secretary Sonny Perdue said Japan is a significant market for United States. In a report from Stephanie Ho, while in Virginia Perdue discussed which ag industries are expected to benefit from the deal. In an earlier statement, Perdue said: “By removing existing …