President Donald Trump cast doubts on Wednesday regarding the prospects for talks between the U.S. and China that are aimed at heading off a trade war. An Associated Press report says just four days after the two countries suspended their plans to impose up to $200 billion in tariffs on each other, Trump declared in a tweet that a more …
U.S. and Mexico Talking Cars in NAFTA 2.0 Discussions
Two sources familiar with the negotiations have told Bloomberg that the U.S. and Mexico are discussing automobiles in an attempt to break an impasse over auto-production rules in an updated North American Free Trade Agreement (NAFTA). The anonymous sources say officials are meeting to discuss Mexico’s automotive proposal. The auto issue has been a key sticking point during the nine …
Administration Discord Over China Tariffs
Sources close to the White House tell Bloomberg that President Donald Trump backed off imposing billions of dollars in tariffs on Chinese goods because of discord within the administration. There’s also concern within the White House over the possibility of harming negotiations with North Korea. Trump also reportedly succumbed to pressure from farm-state Republicans, who heavily lobbied the administration to …
U.S.-China Trade War a Win For Other Nations?
A Politico report says the real winners of a trade war with China could be some of America’s top global trade competitors. As the two countries push toward a trade deal, long-term trends could be stacked against American producers when it comes to Beijing’s consumption. China will likely keep pouring resources into other countries in an attempt to diversify its …
Japan, Russia, and Turkey Talk Potential Trade Retaliation
The World Trade Organization says Japan, Russia, and Turkey have all warned the United States about possible trade retaliation for U.S. tariffs on steel and aluminum imports. An Agriculture Dot Com article says those tariffs would up the total U.S. tariff bill around the world to $3.5 billion annually. The three countries recently notified the World Trade Organization of their …
A Rise in Meat Production, Price and Trade in 2019
With perhaps one exception, USDA expects to see increases in U.S. meat production, price and trade next year. Rod Bain has the details. A Rise in Meat Production, Price and Trade in 2019
What’s Next for China-U.S. Trade?
Politico says the preliminary trade agreement between China and the U.S. announced over the weekend raises more questions than it answers. No one knows how soon it comes together and things start to happen. While China agreed to buy significantly more American agricultural products, there aren’t any hard numbers attached to that promise yet. U.S. Commerce Secretary Wilbur Ross will …
Farmers for Free Trade Suggestions on Improving China/U.S. Trade Relations
Farmers for Free Trade call the framework of a trade agreement between the U.S. and China as a good first step toward ending tensions that have hurt American agriculture. The group applauds the Trump Administration’s focus on supporting U.S. agricultural exports. However, they do note that there’s still a lot of work to do in order to put a solid …
USDA Official Hopeful by Recent Trade Advancements with China
While a trade war may be on hold between the U.S. and China, a Department of Agriculture official says the Trump administration remains ready to support farmers and ranchers, if needed. China and the U.S. put the trade war tariffs on hold, for now, as the two sides are negotiating. Speaking at the ONE18: The Alltech Ideas Conference, USDA Undersecretary …
China Promises to Buy More American Agricultural Goods
After two rounds of trade talks between the world’s largest economies, China has promised to buy significantly more U.S. agriculture and energy products to help reduce its trade surplus with America. Treasury Secretary Steven Mnuchin outlined his targets for boosting sales over the weekend but it remains unclear if China has agreed to reduce the deficit by the $200 billion …