The Administration’s decision to impose 10 percent tariffs on an additional $200 billion in Chinese imports—and China’s subsequent retaliation on $60 billion of U.S. products—deepens and prolongs the trade war between the two countries, posing even more adverse consequences for American soybean farmers. Davie Stephens, a soybean grower from Clinton, Kentucky, and American Soybean Association (ASA) vice president stated, “If …
U.S. Close to Proceeding With Mexico-Only Trade Deal
White House Economic Trade Adviser Kevin Hassett says the U.S. is getting very close to having to move forward on its trade deal with Mexico without Canada. The deadline to publish the text of an agreement to update the North American Free Trade Agreement is October first. As the deadline approaches, Hassett says the U.S. and Canada haven’t agreed to …
U.S. Supplying More Than Half of the E.U. Soybeans
The European Commission released a report that says American farmers are now supplying more than half of the European Union’s soybeans. Over a 12-week period from July through mid-September, U.S. soy exports to the EU were 133 percent higher than the same time period in 2017. Politico says the U.S. supplied 25 percent of the EU’s soybeans needs from July …
Rabobank: Global Poultry Prices Under Pressure
A Rabobank report says a historic drop in poultry exports from Brazil is shaking up trade in the commodity around the world. The latest quarterly outlook on the industry says African Swine Fever could also indirectly affect the industry. Global poultry prices dropped by an average of five to 10 percent in the second quarter of this year. African Swine …
Canada Farmers Say Dairy Not a Bargaining Chip in Negotiations
Talks between Canada and the U.S. regarding the North American Free Trade Agreement are intensifying in Washington, D.C. Bloomberg says Canadian dairy farmers recently told Prime Minister Justin Trudeau not to use access to the protected Canadian dairy market as a bargaining chip. The Dairy Farmers of Canada says it’s already lost $193 million because of past trade agreements and …
Beef Alliance Discusses Trade Issues
The International Beef Alliance held their annual meeting in Calgary, Alberta, Canada this week. One person attending was National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus. He talks about one topic of discussion, President Trump’s trade policies and the use of tariffs. Beef Alliance Discusses Trade Issues Sponsored ContentFlorida Senator Shares Origins of Florida …
U.S. – India Closing In On Trade Agreement
India and the United States are currently in negotiations on a trade package. Reuters says Washington and New Delhi are looking to remove some long-standing disagreements between the two countries that would strengthen ties. Initial reports say it looks like Indian farmers and U.S. medical device manufacturers could be some of the early winners in the deal. The two countries …
China Sets More Tariffs on U.S. Food and Ag Imports
China said Tuesday that it will hit back against President Donald Trump with retaliatory duties of five or 10 percent against another $60 billion worth of American products. The response comes one day after Trump issued the largest number of tariffs yet in an escalating trade dispute. Politico says China is scheduled to implement their plan on Monday to coincide …
Is Canada Purposefully Dragging Out NAFTA Negotiations?
As Canadian Foreign Affairs Minister Chrystia Freeland returned to Washington, D.C. for continued NAFTA negotiations, a prominent Congressional member says time is running out. House Majority Whip Steve Scalise says sentiment is building among members of Congress that Canada is purposefully dragging out the negotiations for political purposes. “Members of Congress are concerned that Canada doesn’t seem to be ready …
Tariffs Harming Ag Equipment Makers
More tariffs in the tit-for-tat trade war between the U.S. and China means more suffering for agriculture and agricultural equipment makers. Feeling the brunt of the trade war since it started with tariffs on steel and aluminum, manufacturers of agriculture equipment are eager to see a swift resolve. Just last week, a coalition of manufacturing groups and associations sent a …