Everett Griner talks about the trade war in today’s Agri View. Everett takes a look at what commodities may be affected the most. He also lets us know what a trade war may cost the producers in export dollars. Trade War Threat Continues The threat of a trade war still has more than just farmers sweating it out. Chinese officials …
China Says U.S. Tariffs Will Negate Current Trade Talks
China says any tariffs implemented on the nation by the United States will dampen the ongoing trade talks between the two. The Chinese government in a statement said: “All economic and trade outcomes of the talks will not take effect if the U.S. side imposes any trade sanctions including raising tariffs,” according to Politico. China stressed that the outcome of …
Tariffs Throw Another Monkey Wrench Into NAFTA 2.0
The steel and aluminum tariffs imposed by President Trump threw another wrench into the North American Free Trade Agreement talks. Politico says that will further delay a final agreement between the three long-time trading partners. The action also revives the possibility that Trump will once again possibly follow through on his threat to withdraw from the pact. That’s a move …
Perdue Comments on Trade Issues at World Meat Congress
Thursday, during the World Meat Congress in Dallas, Texas, Agriculture Secretary Sonny Perdue said trade is critically important to U.S. farmers and ranchers, who cannot afford to have trade with key partners disrupted. It was that same day the U.S. announced it would end exemptions of steel and aluminum tariffs for Mexico, Canada and the European Union. Perdue said he …
Agriculture Groups Oppose Tariffs
The White House announced that it plans to impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico. And many fear that will trigger potential retaliatory actions against American agriculture. Thus, various groups have sent out releases voicing their opposition to these tariffs. National Pork Producers Council NPPC Statement on Latest Steel and Aluminum Tariffs The …
Producers Getting Whiplash from Trade Back-and-Forth
American producers are suffering from dizziness, thanks to the back-and-forth headlines regarding the U.S.-China trade dispute. Tuesday, the Trump Administration announced it was moving ahead with plans for protecting intellectual U.S. property. Politico says the administration will take steps to impose 25-percent tariffs on $50 billion worth of Chinese imports, plus, establish broad investment restrictions and pursue litigation with the …
Trade Retaliation Already Hurting Pork Producers
The National Pork Producers called for a swift resolution to the U.S.-China trade dispute because pork producers are feeling the pain. Iowa State University Economist Dermot Hayes says U.S. pork farmers have lost $2.2 billion on an annualized basis. The losses are a direct result of the events leading up to and following China’s 25 percent punitive tariffs in retaliation …
NAFTA Talks Continue, Time Running Short
Negotiations of the North American Free Trade Agreement (NAFTA) continue this week in Washington, as all sides are trying to wrap up the talks quickly. Canada’s foreign minister Chrystia Freeland is in Washington this week, meeting with U.S. Trade Representative Robert Lighthizer and others, according to Bloomberg News. However, absent from the table is Mexico’s Economy Minister, who is attending …
U.S. to Continue With Trade Action Against China
Despite a potential agreement on trade issues between the U.S. and China, the Trump administration will continue to pursue action against China. By mid-June, The U.S. is expected to release a list of $50 billion worth of Chinese goods that will be subject to a new 25 percent tariff, according to Reuters. The United States will also continue to pursue …
Ag Commissioner Candidates Take Aim at NAFTA
Florida’s next agriculture commissioner likely will back White House efforts to change the North American Free Trade Agreement (NAFTA) as a way to help the state’s farmers. Worried about the impact on Florida farmers, state Agriculture Commissioner Adam Putnam has been a frequent critic of the 24-year-old trade deal between the United States, Canada and Mexico. But as Putnam prepares to …