President Donald Trump and European Union leaders announced they’ve agreed to work toward “zero tariffs” and “zero subsidies” on a wide range of non-automobile goods. The sides will also work to resolve U.S. tariffs on steel and aluminum which are hitting the European markets hard. In a news conference on Wednesday, the President said the EU has agreed to buy …
Trade Assistance Details Still Being Worked Out
The Trump Administration announced its $12 billion plan to help farmers struggling under the escalating trade wars. Politico says there are still important details to be worked out, including just how much help farmers will get and how they’ll prove economic harm. More details are scheduled to come out after Labor Day. USDA Chief Economist Robert Johansson says soybean farmers, …
Not All Reactions to Trade Assistance Are Positive
The President’s plan to aid farmers in the midst of the trade war is not sitting well with several groups, including a number of Republicans in Congress. Senator Ron Johnson of Wisconsin says, “This is becoming more and more like a Soviet-style economy here with commissars in the administration figuring out where to sprinkle around benefits.” According to the Hagstrom …
U.S., EU to Talk Trade
President Donald Trump says the U.S. and the European Union should drop all tariffs, subsidies, and barriers. This comes as EU trade officials were set to meet with him on Wednesday. In a Tuesday night Tweet, Trump said “I have an idea for them. Both the U.S. and EU drop all tariffs, barriers, and subsidies. That would finally be a …
Perdue Announces Plan to Help Farmers Hurt by Tariffs
Agriculture Secretary Sonny Perdue has unveiled what he has called his “playbook” of programs to help farmers hurt by tariffs. Gary Crawford has the details. Perdue Announces Plan to Help Farmers Hurt by Tariffs And as Gary Crawford reports, USDA’s program to help farmers hurt by trade disruptions also serves some other functions in the process. Plan to Help Farmers …
Higher Inventory and Tariffs Impacting Cattle Markets
The USDA released the Cattle Inventory, July Cattle on Feed, and July Livestock Slaughter reports last week. The Cattle Inventory report provides the first real estimate of the 2018 calf crop, as well as a look at how rapidly the U.S. cattle herd is increasing. The July first all cattle and calves number was one percent higher than last year, …
McMillan Encouraged by USDA Tariff Relief Program
The United States Department of Agriculture (USDA) unveiled a plan to remedy losses sustained by American agriculture producers due to retaliatory tariffs. The $12 billion package of aid is expected to create a short-term solution to the ongoing trade negotiations. According to USDA, the funding falls in line with the estimated $11 billion impact of retaliatory tariffs on U.S. agricultural …
Georgia Agriculture Commissioner Applauds Efforts to Assist Farmers Affected by Tariffs
Agriculture Commissioner Gary W. Black is applauding action taken by the Trump Administration to assist farmers who have been hurt by recent trade disputes. “We look forward to learning more regarding the assistance announced today,” Commissioner Black said. “We believe this is a good short-term solution for our farmers who have long-suffered from unfair trade practices from many of our …
Groups Comment on Farmer Aid Package
American Farm Bureau Federation The following statement may be attributed to American Farm Bureau Federation President Zippy Duvall: “The $12 billion package of agricultural assistance announced by the administration will provide a welcome measure of temporary relief to our farmers and ranchers who are experiencing the financial effects of the trade war. This should help many of our farmers and …
USDA Assists Farmers Impacted by Unjustified Retaliation
U.S. Secretary of Agriculture Sonny Perdue announced that the U.S. Department of Agriculture (USDA) will take several actions to assist farmers in response to trade damage from unjustified retaliation. President 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 to open more markets in the …