(NAFB) — President Donald Trump plans to begin enacting additional tariffs on China to pressure negotiators to reach a trade agreement. Talks between the U.S. and China are scheduled again in September, according to the White House. President Donald Trump took the trade war to Twitter again Thursday afternoon, announcing additional tariffs against China starting in September. Trump says the …
U.S. Ethanol Near the Breaking Point
(NAFB) — The Trump Administration’s trade war with China and the surge in small oil refinery RFS exemptions have the U.S. ethanol industry nearing the breaking point. Green Plains Ethanol CEO Todd Becker tells Reuters that the weight of those two factors is becoming almost unbearable. The U.S. ethanol industry growth has stalled in the face of President Trump’s trade …
Trade Aid Support for Dairy, Pork Producers
A large part of the $16 billion package developed to support producers suffering from trade tariffs is the Market Facilitation Program (MFP). Payments will be made by the Farm Service Agency (FSA) to producers of various crops, but dairy and hog producers will also receive a payment. Here is USDA Under Secretary for Farm Production and Conservation, Bill Northey. In …
WTO Rules against US over Pre-Trade War Dispute with China
(NAFB) — The World Trade Organization (WTO) ruled against the United States in a pre-trade war dispute with China, opening the door for more retaliatory tariffs. The ruling says some U.S. tariffs on Chinese goods do not comply with WTO rules. The case opened in 2012 when the United States implemented tariffs aimed at products the U.S. claimed “were unfairly …
Trump: China Letting U.S. Down on Lack of Agricultural Purchases
(NAFB) — President Donald Trump says China “is letting us down” by not purchasing U.S. agricultural products. China is not buying U.S. ag products as Trump says its leaders promised as part of an effort to negotiate towards ending the trade war. Trump and Chinese President Xi Jinping at the G-20 Summit last month agreed to move forward with negotiations …
U.S., China Reach Tentative Truce on Tariffs
(NAFB) — The U.S. and China have agreed to forgo the next round of tariffs that President Trump threatened to impose on $300 billion in Chinese goods. That report comes from both Politico and the South China Morning Post. It comes ahead of a meeting between Trump and Chinese President Xi Jinping this weekend at the G-20 Summit in Osaka, …
Avoiding Mexican Tariffs a Major Relief to U.S. Meat Industry
The White House recently announced a plan to impose tariffs on all goods imported from Mexico unless more steps were taken to curb illegal migration at the U.S.-Mexico border. But on June 7, President Trump announced that Mexico had pledged to enhance its efforts to address border security issues, and the proposed tariffs were not imposed. As U.S. Meat Export …
U.S. Pork Producers Seek Main Course, Not Crumbs
China Represents Single-Greatest Sales Opportunity in U.S. Pork History Expanding U.S. export markets is vital to the success of American pork producers, but trade disputes with some of our top markets, most notably China, are hampering growth and have caused severe financial harm to U.S. hog farmers, National Pork Producers Council Vice President and Counsel of Global Government Affairs Nick …
Industry Reaction to USDA Trade Relief Announcement
American Farm Bureau Federation President Zippy Duvall. “The Trump Administration’s agricultural assistance package is welcome relief to an economic sector that has been battered by foreign competitors and retaliatory tariffs. We thank the President for living up to his commitment to stand by our farmers and ranchers. While farmers and ranchers would rather earn their income from the marketplace, they …
Support for Farmers Impacted by Trade Disruption
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 and trade disruption. President Trump directed Secretary Perdue to craft a relief strategy to support American agricultural producers while the administration continues to work on free, fair and reciprocal trade deals …