The U.S. government is taking comments on a proposal to increase the tariff on Chinese imports from the current 10 percent rate up to 25 percent. The tariff increase would cover a wide selection of Chinese imports, including fruits, vegetables, garlic, and more. On June 18th, President Trump directed U.S. Trade Representative Robert Lighthizer to identify another $200 billion worth …
China Pushes Back Against U.S. Tariffs
China immediately responded to the latest U.S. tariff threat by publishing a list of $60 billion in U.S. imports it will lay tariffs on. That’s dependent on whether or not the U.S. follows through on its latest trade threats. Bloomberg says China will levy duties ranging from five percent up to 25 percent on more than 5,000 kinds of U.S. …
Trade Aid for Farmers Could Start in Late September
The aid package announced to offset harm by the Trump administration’s trade policy for agriculture could be ready to go by October, according to Agriculture Secretary Sonny Perdue. While in Argentina as part of the G20 meeting of agriculture ministers, Perdue told Reuters the aid package could have payments reaching farmers by late September. The plan would include between $7 …
EU Insists Agriculture Not a Part of Trade Truce with Trump
The European Union (EU) says that the proposed trade talks with the United States wouldn’t include farming. The website Business Times Dot Com says this directly contradicts what President Donald Trump says. An EU Commission spokeswoman says they’ve been very clear on that fact. The spokeswoman adds that agriculture is not part of it, only the things that were specifically …
How Relief Plan Helps Livestock and Dairy Producers
It was announced by USDA this week that they are going to take several actions to assist farmers in response to trade damage from unjustified retaliation. Specifically, USDA will authorize up to $12 billion in programs, which is in line with the estimated $11 billion impact of the unjustified retaliatory tariffs on U.S. agricultural goods. And in a story from …
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 …
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 …