Farm country overall shows reserved optimism regarding the North American Free Trade Agreement (NAFTA) announcement Monday. The announcement marks a step forward, as Mexico and the U.S. have a basic agreement in place. However, with Canada yet to be included, many questions remain. Farmers for Free Trade director Brian Kuehl says there is “significant work that remains” in delivering on …
China Grain Imports Plunge Amidst Tariffs
Imports of grain to China plunged in July after rounds of heavy tariffs between the U.S. and China were enacted. Data reviewed by Reuters shows China imported 220,000 metric tons of sorghum in July, down 62.5 percent from 588,300 metric tons a year ago. The imports were also below June’s 450,000 metric tons, when buyers scooped up U.S. shipments of …
AFBF Duvall on Trade Progress with Mexico and Tariff Mitigation Package
The following statement regarding the announcement of trade progress with Mexico, and the the Agriculture Department’s tariff mitigation package, can be attributed to American Farm Bureau Federation (AFBF) President Zippy Duvall: Trade Progress with Mexico is a Good Start “Farmers and ranchers are ready to move forward on trade with our nearest neighbors. Farm Bureau is excited about this announcement …
FFVA Statement on U.S.-Mexico Trade Deal
Mike Stuart, president of the Florida Fruit & Vegetable Association, issued the following statement regarding a trade agreement between the United States and Mexico: President Trump announced today that the United States and Mexico have reached agreement on a new trade pact that does not include a specific trade remedy for specialty crop producers in the Southeast. This is not …
Assistance for Farmers Impacted by Unjustified Retaliation
U.S. Secretary of Agriculture Sonny Perdue announced details of actions the U.S. Department of Agriculture (USDA) will take to assist farmers in response to trade damage from unjustified retaliation by foreign nations. President Donald J. Trump directed Secretary Perdue to craft a short-term relief strategy to protect agricultural producers while the administration works on free, fair and reciprocal trade deals …
Secretary Perdue on U.S.-Mexico Trade Agreement
U.S. Secretary of Agriculture Sonny Perdue issued the following statement regarding the announcement on trade between the United States and Mexico: “President Trump is delivering on his promise to renegotiate the old, outdated North American Free Trade Agreement (NAFTA), making good on his pledge to strike the best deals possible for all of our economic sectors, including agriculture. The President …
U.S./China Trade Talks Draw a Blank
The trade war between China and the United States seems primed to worsen as the governments failed to make progress in two days of discussions. Reuters says the two sides met last week with low expectations of progress and there are no further talks scheduled at this time. A source close to the negotiations told Reuters that Chinese officials have …
Canada Next for NAFTA
A trade official from Mexico is hopeful to bring Canada back into the North American Free Trade Agreement talks to reach a three-way agreement, as early as next week. The comments come as the U.S. and Mexico were close to a “handshake” agreement Thursday, helping calm some anxieties for agriculture amidst the global trade turmoil. Politico reports that the top …
China, U.S. Trade War Deepens with More Tariffs
The U.S. and China began rolling out more tariffs against each other this week as part of the tit-for-tat trade war between the two nations. The U.S. will collect an additional 25 percent in duties on Chinese imports ranging from motorcycles to steam turbines and railway cars, and the Chinese retaliation will see a similarly sized tax on items including …
USDA Expected to Announce Trade Relief Package Friday
The Department of Agriculture (USDA) is expected to release further details of its trade relief package Friday. The aid package previously announced by Agriculture Secretary Sonny Perdue will provide $12 billion in assistance to farmers hurt by President Trump’s trade agenda. Agri-Pulse reports that sources involved with the process say the payment rate for soybean farmers has been preliminarily proposed …