The Chief Agricultural Negotiator for the U.S. is attacking both China and India for blowing past their World Trade Organization spending limits on farm subsidies that distort trade. “We think China has done in excess of $100 billion more in subsidies to its farmers than it was allowed to do,” Gregg Doug said at the American Sugar Alliance’s International Sweetener …
Soybean Analyst Says China May Have to Buy More U.S. Soybeans
In spite of an ongoing trade war between the world’s two largest economies, China may actually have to start buying U.S. soybeans in the near future. A Reuters report says oil seed analysis organization Oil World, based in Germany, says South American countries can’t supply all the soybeans that China needs. China is the world’s largest soybean buyer and has …
Chinese Ag Tariff List Grows Longer
China announced on Friday that it’s ready and willing to put tariffs on another $60 billion worth of American imports. If it follows through on the threat, the total tariff bill on American goods will be $130 billion. Agriculture continues to be on the hit list. Politico says an informal translation of the new list includes hops, maple syrup, whey …
African Swine Fever Found in China
The Swine Health Information Center says the first case of African Swine Fever was found in China last Friday. Farm Journal’s Pork Network says the outbreak was located in the northeast part of the country, which is a swine-dense area just 130 miles from the North Korean border. The infection was found on a small farm with 383 pigs. 47 …
Chinese Import Tariffs May Climb Higher
The U.S. government is taking comments on a proposal to increase the tariff on Chinese imports from the current 10 percent rate up to 25 percent. The tariff increase would cover a wide selection of Chinese imports, including fruits, vegetables, garlic, and more. On June 18th, President Trump directed U.S. Trade Representative Robert Lighthizer to identify another $200 billion worth …
China Pushes Back Against U.S. Tariffs
China immediately responded to the latest U.S. tariff threat by publishing a list of $60 billion in U.S. imports it will lay tariffs on. That’s dependent on whether or not the U.S. follows through on its latest trade threats. Bloomberg says China will levy duties ranging from five percent up to 25 percent on more than 5,000 kinds of U.S. …
U.S., China Reportedly Trying to Re-engage in Trade Talks
The U.S. and China are trying to restart trade talks as the two nations square off in a trade war. The attempt comes as the Trump administration readies a new round of tariffs against China. Bloomberg reports representatives of U.S. Treasury Secretary Steven Mnuchin and China’s Vice Premier are having private conversations as they look for ways to re-engage in …
U.S.-China Dispute Harming Canadian Soybean Growers
Soybean farmers in Canada are feeling the impact of the U.S.-China trade war as soybean prices decline. CNBC reports that while Canadian soybean farmers could see an increased market share from importing nations, experts say the current soybean market plays a much more significant role. Since April, soybean futures have dropped nearly 20 percent in the United States, and Canadian …
Chinese Trade Surplus with U.S. Hits High Amid Tariff Concerns
The Chinese trade surplus with the United States hit a record number in June as its exports grew at a solid pace, something that could possibly make a trade dispute with Washington, D.C., that much worse. A Nasdaq.com article points out that it could be a “one-off” as Chinese exporters were rushing to get shipments out before tariffs went into …
U.S. to Further Implement Trade Tariffs
The U.S. plans to implement more tariffs on China as part of an ongoing trade war between the two countries. In a statement released this week, U.S. Trade Representative Robert Lighthizer says he was ordered by President Trump to begin the process of imposing tariffs of ten percent on an additional $200 billion of Chinese imports. The tariffs will follow …