During the recent World Meat Congress held in Dallas, Texas, Agriculture Secretary Sonny Perdue said trade is critically important to U.S. farmers and ranchers. There have been some ups and downs with various countries, including China, when it comes to trade talks this year. Perdue Discusses Trade with China Back in April, Perdue said a potential trade dispute with China …
Chief Ag Negotiator Says It’s “Time to Play Offense”
Greg Doud, Chief Ag Negotiator for the Trump Administration, recently returned from a trip to China and said it’s time to “play offense.” During his career, Doud has been involved in Chinese discussions for more than 15 years. He told AgDay TV at the World Pork Expo that it’s not going to be a fast process. Doud says his most …
U.S. Offers List of Ag Concessions Wanted From China
The U.S. apparently wants more from China than a promise to buy more U.S. agricultural goods. Politico reports that U.S. officials have handed China a list of agricultural trade barriers that “must be lifted” to boost imports from the U.S. to China in an effort to reduce the trade deficit. However, China has stated that it will not remove trade …
Agri View: Trade War Threat Continues
Everett Griner talks about the trade war in today’s Agri View. Everett takes a look at what commodities may be affected the most. He also lets us know what a trade war may cost the producers in export dollars. Trade War Threat Continues The threat of a trade war still has more than just farmers sweating it out. Chinese officials …
China Says U.S. Tariffs Will Negate Current Trade Talks
China says any tariffs implemented on the nation by the United States will dampen the ongoing trade talks between the two. The Chinese government in a statement said: “All economic and trade outcomes of the talks will not take effect if the U.S. side imposes any trade sanctions including raising tariffs,” according to Politico. China stressed that the outcome of …
Producers Getting Whiplash from Trade Back-and-Forth
American producers are suffering from dizziness, thanks to the back-and-forth headlines regarding the U.S.-China trade dispute. Tuesday, the Trump Administration announced it was moving ahead with plans for protecting intellectual U.S. property. Politico says the administration will take steps to impose 25-percent tariffs on $50 billion worth of Chinese imports, plus, establish broad investment restrictions and pursue litigation with the …
NAFTA Talks Continue, Time Running Short
Negotiations of the North American Free Trade Agreement (NAFTA) continue this week in Washington, as all sides are trying to wrap up the talks quickly. Canada’s foreign minister Chrystia Freeland is in Washington this week, meeting with U.S. Trade Representative Robert Lighthizer and others, according to Bloomberg News. However, absent from the table is Mexico’s Economy Minister, who is attending …
U.S. to Continue With Trade Action Against China
Despite a potential agreement on trade issues between the U.S. and China, the Trump administration will continue to pursue action against China. By mid-June, The U.S. is expected to release a list of $50 billion worth of Chinese goods that will be subject to a new 25 percent tariff, according to Reuters. The United States will also continue to pursue …
Trade Retaliation Hurting U.S. Pork Producers
Producer Losses at $2.2 Billion Since March 1 The National Pork Producers called for a swift resolution of the United States-China trade dispute, paving the way for increased U.S. pork exports to the world’s largest pork-consuming nation. According to Iowa State University Economist Dermot Hayes, U.S. pork producers have lost $2.2 billion on an annualized basis due to events leading up to and following China’s 25 percent punitive tariffs in retaliation for U.S. tariffs on aluminum and steel. …
Everyone Take a Seat on the Cotton Roller Coaster
Over the past several months, outside influences on the cotton industry have felt like the Dahlonega Mine Train at Six Flags Over Georgia: ups, downs, dramatic twists, and lots of bumps along the way. Producers have seen proposed policies fail, others be implemented, a significant market uptick, one of the US’s largest overseas markets be closed then open again, and …