Soybeans were one of the first major casualties in the ever-escalating trade war between the U.S. and China. Russia is hoping to take advantage of the situation and cut deals with Chinese agribusinesses to make up for lost supply. The Washington Post says the Kremlin will offer roughly 2.5 million acres of arable land to foreign investors. Analysts are describing …
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 …
China Hopeful for FTA with Canada
China is hopeful to create a free trade agreement (FTA) with Canada as tension with the United States grows. China’s ambassador to Canada this week says he hopes to make progress on a free-trade agreement with Canada and others, according to Canada-based Global News. The U.S. and China remain locked in a tit-for-tat trade war and China is seeking options …
Peanut Caucus Calls for Action
Co-Chairs of the House Peanut Caucus, Congressman Sanford Bishop, Jr. of Georgia (GA-02) and Congresswoman Martha Roby of Alabama (AL-02), sent a letter to U.S. Agriculture Secretary Sonny Perdue this week urging the USDA to respond to recent negative trade actions by China that threaten the U.S. peanut industry. Tyron Spearman has the details. Peanut Caucus Calls for Action The …
U.S., China, Far Apart in Trade War Talks
A Chinese delegation will travel to the U.S. as part of the ongoing trade war as both sides “remain far apart.” China said Thursday the delegation will meet with U.S. Treasury Undersecretary David Malpass to discuss trade issues. However, the South China Morning Post reports observers say the talks are unlikely to yield any breakthrough, but could lead to further …
China Files WTO Complaint over U.S. Solar Tariffs
China’s latest shot in a tit-for-tat trade war is a World Trade Organization Complaint over U.S. solar tariffs. China filed a complaint with the WTO to help determine the legality of the U.S. policies, saying they not only harm China’s rights but also undermine the WTO’s authority, according to Reuters. China says the U.S. tariffs and the U.S. “decision to …
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 …
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 …