U.S. Secretary of Agriculture Sonny Perdue applauded President Donald J. Trump’s Executive Order (EO), titled “Reducing Poverty in America by Promoting Opportunity and Economic Mobility,” which calls for lifting American citizens from welfare to work, from dependence to independence, and from poverty to prosperity. Perdue issued the following statement: “I commend President Trump for his leadership on moving Americans back …
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 …
President Trump Signs Omnibus
With President Donald Trump’s signature, the 2018 omnibus spending bill—and the several provisions that benefit farmers, ranchers and rural communities it includes—became law. The measure, which was a must-pass to avert a government shutdown, was approved in quick succession by the House and Senate on Thursday and the wee hours of Friday morning, respectively. The omnibus amends the cooperative tax …
Trump: China Tariffs Will Total $50 Billion
President Donald Trump announced an estimated $50 billion in tariffs against Chinese imports today. Bloomberg says it’s a retaliatory move against intellectual property violations. The move will take effect on more than 100 different types of Chinese products. The overall value of the tariffs was based on economic estimates of the damage caused by those intellectual property violations. Last year, …
Study: Trump Tariffs to Cost an Estimated 24,000 Agriculture Jobs
A study by the Trade Partnership estimates that the Trump administration’s steel and aluminum tariffs will cost 495,000 jobs in the United States. That figure is up from a previous estimate of 179,000 jobs. Specific to agriculture, the report estimates that tariffs will cost 24,000 jobs. The job losses, according to the study, would impact the services, manufacturing and agricultural …
Trump Unveils Steel and Aluminum Tariff Plan
President Donald Trump Thursday unveiled his plan to impose 25 percent tariffs on steel imports and ten percent on aluminum. The plan includes provisional exceptions for Canada and Mexico. However, the tariffs could trigger a trade war between the U.S. and the European Union and China, among others. Despite a large pushback by U.S. industry and trading partners, Trump is …
Trump Considering Trade Protection Measures Against China
The Trump administration is mulling trade protections against Chinese investments in the United States and a broad range of tariffs. The consideration is seen as a punishment by the administration to Beijing for its alleged theft of intellectual property. An announcement by the U.S. Trade Representative’s office investigation into China’s intellectual property practices is expected in the coming weeks, setting …
AEM’s Slater: Trump Tariffs Won’t Help U.S. Manufacturers ‘Win’ Again
AEM worked to discourage President Trump from imposing heavy tariffs on steel and aluminum imports after the president said he intended to do just that this week. AEM is assessing the impact of Trump’s announcement last week that he would impose 25 percent import tariffs on steel and 10 percent import tariffs on aluminum. “President Trump shouldn’t undercut his own …
Trump Will Impose New Tariffs on Steel and Aluminum
After hosting what the White House initially called a “listening” session, President Donald Trump took American investors by surprise Thursday. Trump announced to the group attending the meeting that he will be imposing the long-rumored steel and aluminum tariffs next week. A Zero Hedge Dot Com article says the president will impose a 25 percent tariff on steel imports and …