china phase one

Trump Says Tariffs on China to Increase

Dan Exports/Imports, Industry News Release, Trade

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 …

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Trade War Only Getting Worse for Soy Farmers Fearful for their Future

Dan Economy, Industry News Release, Soybeans

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 …

trump

Outlook for May China Agreement Positive

Dan Exports/Imports, Industry News Release, Trade

Optimism is growing that the U.S. and China could wrap up a trade agreement this month. Trade officials from the U.S. and China concluded talks in Beijing Wednesday with another critical round scheduled for next week in the United States. The Trump administration has appeared to be ready to walk away if an agreement isn’t reached soon. However, Treasury Secretary …

usmca mexico trade

Mexican Labor Bill a Step towards USMCA

Dan Trade

Lawmakers in Mexico this week took a step towards implementing the U.S.-Mexico-Canada Agreement (USMCA) that will replace the North American Free Trade Agreement. Mexico’s Senate approved a bill that overhauls the country’s labor code. The move was a precondition for U.S. Democrats in the House of Representatives for considering the agreement. Bloomberg News reports Mexican lawmakers raced to pass the …

usmca mexico trade

Congress Returns with Push for USMCA

Dan Exports/Imports, Industry News Release, Trade

Lawmakers are returning to Washington this week with a renewed industry push to approve the U.S.-Mexico-Canada Agreement (USMCA). Following the International Trade Commission Report, few steps remain to reach implementation. Vice President Mike Pence touted the deal during a stop in Michigan last week, and a road tour from Farmers for Free Trade crossed the country building support for passage …

extended

Deadline Extended for Producers to Certify 2018 Crop Production for MFP Payments

Dan Economy, Exports/Imports, Field Crops, Industry News Release

USDA extended the deadline to May 17 from May 1 for agricultural producers to certify 2018 crop production for payments through the Market Facilitation Program (MFP), which helps producers who have been significantly affected by foreign tariffs, resulting in the loss of traditional exports. USDA’s Farm Service Agency (FSA) extended the deadline because heavy rainfall and snowfall have delayed harvests …

trade

Ag Seeks Swift Agreement in U.S.-Japan Trade Talks

Dan Exports/Imports, Industry News Release, Trade

A large coalition of agriculture groups is urging for swift action in the negotiation and implementation of a U.S.-Japan trade agreement. The National Association of State Departments of Agriculture, along with many agriculture organizations, signed a letter to U.S. Trade Representative Robert Lighthizer this week. The groups say the U.S. food and agriculture industry is increasingly disadvantaged by competing regional …

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Livestock Groups Comment on USMCA Report

Dan Cattle, Dairy, Exports/Imports, Livestock, Trade

The U.S. International Trade Commission (USITC) released an economic analysis of the U.S.-Mexico-Canada Agreement (USMCA) late last week. The report included an impact of the agreement on the U.S. economy, a required step before Congress can consider ratification of the deal. USITC concluded that USMCA will have an overall favorable impact on the U.S. economy, increasing U.S. exports to Mexico and …

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U.S., Japan to Accelerate Trade Talks towards Agreement

Dan Trade

The U.S. and Japan this week agreed to accelerate trade talks to advance a trade agreement. The first round of talks focused on agriculture and cars, according to Bloomberg News. Japan’s Economic Revitalization Minister will meet again next week with U.S. Trade Representative Robert Lighthizer to continue the negotiation. Japan is seeking to avoid U.S. tariffs on cars exported to …