U.S. Commerce Secretary Wilbur Ross will be in China June 2-4 for another round of talks amid trade tensions between the world’s two largest economies. Reuters says The trade dispute got a little more complicated this week when President Donald Trump announced a national security investigation into imports of cars and trucks. The probe could possibly result in tariffs against …
USDA Heavily Involved in Trade Talks
The USDA Foreign Agricultural Service has been “intimately involved” with U.S. trade negotiators and will be included in an upcoming trip to China. Politico says the U.S. delegation will be led by Commerce Secretary Wilbur Ross. Ag Secretary Sonny Perdue says the Foreign Ag Service, “was at Secretary Ross’ left elbow last week during the discussions specifically on commodities we …
Trump Raises Doubts About U.S.-Chinese Trade
President Donald Trump cast doubts on Wednesday regarding the prospects for talks between the U.S. and China that are aimed at heading off a trade war. An Associated Press report says just four days after the two countries suspended their plans to impose up to $200 billion in tariffs on each other, Trump declared in a tweet that a more …
U.S.-China Trade War a Win For Other Nations?
A Politico report says the real winners of a trade war with China could be some of America’s top global trade competitors. As the two countries push toward a trade deal, long-term trends could be stacked against American producers when it comes to Beijing’s consumption. China will likely keep pouring resources into other countries in an attempt to diversify its …
What’s Next for China-U.S. Trade?
Politico says the preliminary trade agreement between China and the U.S. announced over the weekend raises more questions than it answers. No one knows how soon it comes together and things start to happen. While China agreed to buy significantly more American agricultural products, there aren’t any hard numbers attached to that promise yet. U.S. Commerce Secretary Wilbur Ross will …
USDA Official Hopeful by Recent Trade Advancements with China
While a trade war may be on hold between the U.S. and China, a Department of Agriculture official says the Trump administration remains ready to support farmers and ranchers, if needed. China and the U.S. put the trade war tariffs on hold, for now, as the two sides are negotiating. Speaking at the ONE18: The Alltech Ideas Conference, USDA Undersecretary …
China Promises to Buy More American Agricultural Goods
After two rounds of trade talks between the world’s largest economies, China has promised to buy significantly more U.S. agriculture and energy products to help reduce its trade surplus with America. Treasury Secretary Steven Mnuchin outlined his targets for boosting sales over the weekend but it remains unclear if China has agreed to reduce the deficit by the $200 billion …
China Drops Investigations, Top Market for Sorghum Reopens
China has dropped its anti-dumping and countervailing duty investigations into U.S. sorghum. National Sorghum Producers Chairman Don Bloss says NSP is “gratified” by the announcement and quick result. China has determined that the investigations do not serve public interest. Bloss says that NSP demonstrated that “we were helping, not injuring,” Chinese consumers and farmers. The U.S. Grains Council also applauded …
China Looking to Russia for Soybeans
The world’s biggest importer of soybeans, China, almost tripled soybean purchases from Russia amid a growing trade dispute with the U.S. A Bloomberg report says Russia sold approximately 850,000 metric tons over the most recent twelve-month season. That compares to 340,000 tons sold during the previous period. China has already canceled several soybean purchases from the U.S. in anticipation of …
Under Secretary McKinney to Lead Southern China Trade Mission
U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney will lead a trade mission to Guangzhou and Shenzhen, China, May 21-May 25, accompanied by a diverse delegation of agribusiness and state government leaders looking to establish new business connections in southern China. Southern China is a major import hub and a growing market for U.S. …