NCBA Welcomes First Phase In U.S./China Trade Deal (NCBA) — National Cattlemen’s Beef Association (NCBA) CEO Colin Woodall issued the following statement regarding today’s announcement that the U.S. and China have agreed to a phase one trade deal: “The announcement of a phase one deal with China is welcome news for the U.S. beef industry. While we wait to learn …
‘Very Large’ Chinese Trade Agreement Reached
After nearly 18 months of negotiation, a limited Chinese trade agreement was announced on Friday morning. President Donald Trump confirmed via Twitter that the first phase of a trade deal with China had been reached, which will include “massive purchases” of American agricultural products. The United States will be canceling a scheduled increase in tariffs while maintaining a 25 percent tariff …
New Campaign to Sell U.S. Peanuts in Japan
Efforts are underway to sell more U.S. peanuts in Japan. Tyron Spearman has the story.
Ag Sector Reaction to U.S.-Japan Mini-Trade Deal
The U.S. ag industry is looking forward to lower tariffs and improved market access to Japan after that nation’s legislative body approved a mini-trade deal between the two countries. Rod Bain has the story.
Trump: No Deadline for Final China Trade Deal
(NAFB) — In a flurry of meeting with reporters Tuesday in London, President Donald Trump says he has no deadline for finalizing a complete trade deal with China. China and the U.S. are still working to reach a phase one agreement, with an unofficial deadline of December 15, but an overall agreement may extend beyond the 2020 elections. Trump told …
USMCA, U.S.-China Deal Pushing Forward
(NAFB) — Both the U.S.-Mexico-Canada Agreement (USMCA) and a phase one agreement of a deal between the U.S. and China appear to be slowly edging forward. The Hagstrom Report quotes House Speaker Nancy Pelosi as saying, “We are within range of a substantially improved agreement for America’s workers. Now, we need to see our progress in writing from the trade …
Ag Exports Projected to Fall in 2019
(NAFB) — The U.S. Department of Agriculture (USDA) projects the fiscal year 2019 U.S. agricultural trade balance to fall to $5.2 billion. USDA’s Economic Research Service projects exports at $134.5 billion and imports at $129.3 billion, leaving a $5.2 billion surplus, the lowest since fiscal year 2006. Unlike overall U.S. trade in goods and services, U.S. trade in the agricultural …
“Phase Two” U.S. and China Agreement not Imminent
(NAFB) — U.S. and Beijing officials, lawyers, and other trade experts all tell Reuters that a “phase two” trade deal between the U.S. and China is nowhere near imminent. The two largest economies in the world are still having trouble getting the phase one deal signed. Back in October, U.S. President Trump said he expects to quickly start on phase …
Feed Industry says China still has Partial U.S. Poultry Ban in Place
(NAFB) — The American Feed Industry Association says China’s lifting of its ban on U.S poultry imports is only a “partial” lifting. The association has received official confirmation from USDA’s Animal and Plant Health Inspection Service that the announcement only includes poultry imports for human consumption. It doesn’t include other poultry products, such as those used in pet foods. At …
Hoping to See More U.S. Beef in Japan
We told you last month that many cattle producers are looking forward to seeing more U.S. beef going to Japan. The U.S.-Japan Trade Agreement was recently signed by President Trump, but there are still many details that have to be ironed out first. National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, says part of the overall …