U.S. Secretary of Agriculture Sonny Perdue announced details of actions the U.S. Department of Agriculture (USDA) will take to assist farmers in response to trade damage from unjustified retaliation by foreign nations. President Donald J. Trump directed Secretary Perdue to craft a short-term relief strategy to protect agricultural producers while the administration works on free, fair and reciprocal trade deals …
U.S./China Trade Talks Draw a Blank
The trade war between China and the United States seems primed to worsen as the governments failed to make progress in two days of discussions. Reuters says the two sides met last week with low expectations of progress and there are no further talks scheduled at this time. A source close to the negotiations told Reuters that Chinese officials have …
China, U.S. Trade War Deepens with More Tariffs
The U.S. and China began rolling out more tariffs against each other this week as part of the tit-for-tat trade war between the two nations. The U.S. will collect an additional 25 percent in duties on Chinese imports ranging from motorcycles to steam turbines and railway cars, and the Chinese retaliation will see a similarly sized tax on items including …
Tariffs Could Cost Fruit and Nuts $3 Billion
Falling ag exports to China, India, Mexico and Turkey expected to lower prices The ongoing international trade turmoil between the U.S. and other countries has prompted import tariffs on many U.S. agricultural commodities in important export markets, which could hurt U.S. farmers. A new report released by the University of California Agriculture and Natural Resources’ Agricultural Issues Center estimates the …
Farm Export Prices Post Large Declines
U.S. agriculture export prices fell 5.3 percent last month. Data released by the U.S. Department of Labor shows the decline is the largest drop in farm exports since 2011. The decline in July followed a one percent decrease in June, which followed a 1.6 percent increase in May. The department says a 14.1 percent drop in soybean prices was the …
Agri View: Tension Affecting Farm Exports
Everett Griner talks about how the tension of the trade war, and the tariff issue, has affected our soybean exports in today’s Agri View. Tension Affecting Farm Exports Soybeans are one of America’s largest crops. In total acreage it ranks right up there with cotton and corn. It goes without saying that imports are important. Up until recently China was …
China: U.S. Agriculture May Never Bounce Back
China threatens that U.S. agriculture won’t recover from the tit-for-tat trade war between the two countries. In the South China Morning Post, a government official warned that U.S. agriculture may never regain lost market share stemming from the trade war. China alleges that “many countries have the willingness” and capacity to take over market share occupied by U.S. goods. Since …
China Accepts U.S. Soybean Shipment with 25 Percent Tariff
China Monday accepted the 25 percent tariff on U.S. soybeans, as a vessel waiting to dock for five weeks reached port and began unloading. The move marks the first shipment of U.S. soybeans to be accepted with a 25 percent tariff stemming from the U.S.-China trade war. China’s state grain stockpiling company accepted the shipment, even as government officials warned …
Farmers for Free Trade Unhappy with Tariff Escalation
Farmers for Free Trade Executive Director Brian Kuehl says he’s unhappy the White House is ratcheting up the trade war. While more tariffs on Chinese goods are set to go into effect in two weeks, he says the President is telling farmers to be patient as prices plummet and their markets are overtaken by foreign competitors. “That’s why with each …
More on Programs to Help Farmers Hurt by Tariffs
Tyron Spearman has more details about USDA’s program designed to help farmers hurt by the recent trade disruptions. More on Programs to Help Farmers Hurt by Tariffs Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024