Brazilian truck drivers were protesting high diesel prices for a fourth day this week on Thursday. The truckers don’t plan to quit with blockades until measures to reduce fuel taxes are enshrined in the official gazette. Protests have been crippling highways across the nation. Brazil’s lower house of Congress voted to reduce taxes on diesel. The Senate has yet to …
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 …
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 …
Agriculture Prominent in U.S. and China Discussions
U.S. Commerce Secretary Wilbur Ross gave testimony to a Senate Appropriations Subcommittee on Thursday, during which trade with China was a key topic. Channel News Asia Dot Com says Ross hopes to reduce the differences between the two countries, in which hundreds of billions of dollars in commerce are at stake in a trade war. Ross led a delegation to …
Agri View: Trade War
Everett Griner talks about the effects of a trade war in today’s Agri View. Everett discusses how all United States industries will be affected by this. Trade War Now suppose China does strike back by placing embargoes on U.S. goods. Here is what that means. Let’s take pork. China has already listed pork imports as one of the products. The …
U.S.-China Talks End With Little Progress
A Bloomberg report says that two days of trade discussions in Beijing ended with nothing else than an agreement to keep talking. China’s official news agency says the two sides did reach an agreement on some trade issues, but also admitted there were some big disagreements on some major issues. The news report says the sides will continue discussions but …
Bunge: China Has Stopped Buying U.S. Soybeans
China has stopped buying U.S. soybeans as a result of a trade war between the two nations. Bunge Ltd. CEO Soren Schroder told Bloomberg this week that China is instead buying soybeans from Canada and Brazil. China last month announced the planned tariff on U.S. soybeans, shifting the nation’s buying habits. The tariffs are part of an ongoing trade dispute …