Commissioner Nicole “Nikki” Fried sent a letter to President Donald Trump asking him to stop Chinese tariffs on Florida timber crops and end his growing trade war with China. The letter, also sent to U.S. Secretary of Commerce Wilbur Ross and U.S. Secretary of the Treasury Steven Mnuchin, cited the need to not worsen difficulties faced by Florida timber farmers. Florida …
After Tariffs are Removed, What’s Next for USMCA?
The tariffs on Canadian and Mexican steel and aluminum imports are history, removing a key barrier to ratifying the U.S.-Mexico-Canada Trade Agreement (USMCA). However, Democrats are still not close to giving full support to the Trump Administration’s biggest trade victory. Agri-Pulse says Senate Minority Leader Chuck Schumer says, “There are still many other issues that are outstanding before Democrats would …
Trump to Meet with Chinese President in June
President Donald Trump said last week he would meet with Chinese President Xi Jinping next month. The announcement comes as the trade war between the two largest economies in the world grew even more intense. Reuters says China has already announced it would retaliate on a host of American goods, ranging from frozen vegetables to citrus fruits to natural gas. …
Industry Reactions on the Removal of Section 232 Tariffs
Agriculture Secretary Sonny Perdue U.S. Secretary of Agriculture Sonny Perdue released the following statement after the Section 232 tariffs were removed from Canada and Mexico. “Today’s announcement is a big win for American agriculture and the economy as a whole. I thank President Trump for negotiating a great deal and for negotiating the removal of these tariffs. Canada and Mexico …
Farm Bureau Calls for Quick Resolution on China Trade
America’s farmers need a swift resolution to the ongoing trade war between the U.S. and China, American Farm Bureau Federation President Zippy Duvall said in a letter to President Trump. The six-year downturn in farm prices that has produced “near-unprecedented economic uncertainty and hardship” is worsening as a result of Chinese tariffs, he wrote. “U.S. farmers and ranchers now face …
U.S. and China Increase Tariffs, No Deal From Talks
China trade talks continued last week but ended with very little progress and an increase in current tariffs. The U.S. and China were meeting last week to talk about the ongoing trade dispute between the two nations. Reports claim that very little was accomplished during the meetings however the indication is they didn’t go wrong. Some officials were surprised talks …
Trump Says Tariffs on China to Increase
Trade officials from China are in Washington, DC this week as the Trump administration places further pressure on China to reach an agreement with the United States. Trump will increase tariffs on China Friday, saying talks between the two nations are going too slowly. On Twitter, Trump states he will increase tariffs on $200 billion of goods from 10 to …
Trade War Only Getting Worse for Soy Farmers Fearful for their Future
Confirmation of Tariff Hikes Planned on Chinese Goods another Personal Blow to Growers In what could easily be described as “worst case” for America’s soybean growers, the Trump Administration has confirmed what the industry has feared for months: Heavier tariffs on Chinese goods are planned for Friday, May 10. “This is a predicament for soy growers,” said Davie Stephens, a …
Soybean Growers Unhappy with President Trump’s Comments on Keeping Tariffs in Place under a China Agreement
The American Soybean Association (ASA) is not pleased with recent comments from President Trump that he could leave tariffs in place under an agreement with China. ASA has always considered the lifting of the Section 301 tariffs by the U.S. in exchange for China removing its retaliatory 25 percent tariff on U.S. soybean imports as essential to any initial agreement …
U.S., China to Continue Trade Talks This Week
The U.S. and China will continue talks this week that will hopefully lead to an end to the trade war between the two economic superpowers. A Reuters article says sources from both sides feel the recent negotiations kept things moving forward. The Trump Administration still seems committed to the March 1 deadline to reach a deal or raise tariffs on …