Japan, Australia, and New Zealand were cautious in their reaction to the news that U.S. President Trump might reopen talks on the Trans-Pacific Partnership (TPP). It’s the same deal he pulled America out of as soon as he took office. An Associated Press report says Japanese officials welcome the move if it means Trump is recognizing the importance of the …
Trump Tells Trade Team to Look Into Re-joining TPP
During a meeting with farm-state lawmakers, President Donald Trump said he has directed his trade team to look into rejoining the Trans-Pacific Partnership. Meeting with Senators and other leaders from the Midwest, President Trump heard of the troubles his trade policy is posing to agriculture, and the benefits of TPP to farmers and ranchers. Senator Ben Sasse of Nebraska, who …
China Files WTO Complaint, Pledges to Lower Some Tariffs
China has filed a dispute with the World Trade Organization alleging the U.S. tariffs on steel and aluminum violate world trade rules. However, the nation also re-confirmed it will open its economy by lowering tariffs on cars, paving the way for negotiations. “Actions speak louder than words” when it comes to China, one U.S. economist told Reuters. But, China’s President …
Trade War Help for Farmers: All Options on the Table
A top Department of Agriculture official says “all options are on the table” when it comes to finding relief from a trade war with China for farmers. Deputy Secretary of Agriculture Steve Censky told reporters earlier this week USDA is “looking at all of our authorities” to find ways to assist farmers, according to Politico. Those options include buying up …
NAFTA Talks Progressing
Trade officials from the U.S., Mexico and Canada are hopeful to reach a consensus on the North American Free Trade Agreement (NAFTA) by early May. A trade negotiator from Mexico says “there’s a very high probability of reaching an agreement in principle,” within the next month, according to the Wall Street Journal. Trade leaders from each nation met in Washington, …
Trump Pledges to Protect Farmers as He Considers More China Tariffs
As President Trump considers more trade actions against China, he’s asking Agriculture Secretary Sonny Perdue for a plan to protect farmers from Chinese trade retaliation. Gary Crawford has the story. Trump Pledges to Protect Farmers as He Considers More China Tariffs Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, …
Trump Acknowledges Ag Pain Due to Tariff Talk
In a speech on Thursday, Politico says President Trump admitted publicly that his trade crackdown is causing U.S. farmers and ranchers to feel pain. He also says steps will be taken to address that reality. The president has directed Ag Secretary Sonny Perdue “to use his broad authority to implement a plan to protect our farmers and agricultural interests.” Perdue …
Mexico Not Ruling Out Quick NAFTA Result
The Mexican Foreign Minister says he’s not ruling out a quick ending to the North American Free Trade Agreement (NAFTA) talks. Reuters says the top Mexican diplomat says progress is being made on several issue-specific tables of the negotiations. The U.S., Canada, and Mexico’s top negotiators were meeting late in the week to continue discussions. The talks have moved slowly …
The U.S. Calls For Additional $100 Billion In New Tariffs on Chinese Goods
A Bloomberg Report says President Donald Trump ordered administration officials to consider imposing an additional $100 billion worth of tariffs on Chinese goods. That announcement heightened concerns the two nations are heading toward a trade war. The move could unravel efforts by officials from both countries to take the rhetoric down a notch and come together to negotiate an agreement …
White House Trade Chief Says U.S./China to Hold Trade Talks
A Bloomberg report says that American and Chinese officials have both indicated a willingness to find a negotiated solution to their trade differences. Top government officials are expected to hold talks before American tariffs on Chinese imports will take effect. White House Trade Adviser Peter Navarro tells CNBC that Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will lead …