With the North American Free Trade Agreement renegotiation effort complete, the Trump administration is expected to turn its trade attention to China and its neighbors. The U.S. and China are in the midst of a tit-for-tat trade war started by President Trump. The Wall Street Journal says the U.S. should “follow this template” from the NAFTA talks to engage with …
Branstad Responds to China Newspaper Ad Against U.S. Trade Policies
The trade war between China and the United States continues to spill over into a Midwest-based newspaper. Following a four-page paid editorial from China, a U.S. official offered up an editorial in the Des Moines Register blasting China’s propaganda aimed at Iowa farmers. Terry Branstad, former Iowa Governor and U.S. ambassador to China, wrote in the editorial that “it is …
NPPC: Auto Import Tariffs Will Prompt More Retaliation Against American Agriculture
U.S. tariffs on auto imports likely would prompt retaliation from some of American agriculture’s biggest trading partners, leading to catastrophic financial harm to farmers, warned the National Pork Producers Council in comments submitted to the Senate Committee on Finance. In its ongoing efforts to realign U.S. trade policy, the Trump administration is considering putting duties on autos and auto parts …
U.S. – India Closing In On Trade Agreement
India and the United States are currently in negotiations on a trade package. Reuters says Washington and New Delhi are looking to remove some long-standing disagreements between the two countries that would strengthen ties. Initial reports say it looks like Indian farmers and U.S. medical device manufacturers could be some of the early winners in the deal. The two countries …
China Sets More Tariffs on U.S. Food and Ag Imports
China said Tuesday that it will hit back against President Donald Trump with retaliatory duties of five or 10 percent against another $60 billion worth of American products. The response comes one day after Trump issued the largest number of tariffs yet in an escalating trade dispute. Politico says China is scheduled to implement their plan on Monday to coincide …
Tariffs Harming Ag Equipment Makers
More tariffs in the tit-for-tat trade war between the U.S. and China means more suffering for agriculture and agricultural equipment makers. Feeling the brunt of the trade war since it started with tariffs on steel and aluminum, manufacturers of agriculture equipment are eager to see a swift resolve. Just last week, a coalition of manufacturing groups and associations sent a …
Agri View: Tariff War
Everett Griner talks about what has been added to the list in the tariff war in today’s Agri View. Tariff War Tariff wars. Who knows when they will end. Everybody involved seems to be hurting. Although China and the United States may have started all this commotion, it now involves most of the world. It happens that U.S. agriculture has …
Farm Bureau Details Trade, Tariff Impacts on Agriculture
For the growth and renewed prosperity of agriculture, particularly with farm income on a downward slope, current trading relationships must be preserved and new opportunities for agricultural trade must be secured, the American Farm Bureau Federation said in a recent statement to the Senate Agriculture Committee. “Farm Bureau urges our trade officials to engage in discussions with our trade partners …
Senators Grill Administration Officials at Trade Hearing
Ag state senators peppered Trump Administration officials at USDA and the Office of the Trade Representative with questions regarding trade policy. The Thursday hearing focused on the Trump Administration’s policies and the resulting harm to American farmers from retaliatory tariffs. Politico says both Republicans and Democrats gave an earful to USDA chief economist Robert Johansson, Undersecretary for Trade and Foreign …
Soybean Prices Improve 15 Percent if Tariffs Resolved
If the U.S. can get its trade disputes resolved, one economist says soybean prices could jump as much as 15 percent higher. Farm Journal’s Ag Web Dot Com quotes Jackson Takach of Farmer Mac as saying there’s no underestimating the importance of trade to agriculture. “One of every $4 or $5 in farm income is from foreign sources,” he says. …