(NAFB) — The United States’ trade deficit with China is as small as it’s been in recent months. U.S. exports hit a five-month high, which Bloomberg says is a possible sign of goodwill from China as the two nations continue to try and resolve their trade war. According to data released late last week by the Commerce Department, the trade …
China Buys U.S. Ag Products Ahead of Next Round of Talks
(NAFB) — Late last week, China said it’s already bought a considerable number of U.S. soybeans and pork as it prepares for the next round of trade talks with Washington, D.C. The Chinese Ministry of Commerce says both countries are in “close communication” ahead of the next round of talks. A ministry spokesman says as China has ramped up its …
Chinese Demand Pushing Meat Prices Higher
(NAFB) — China has recently been buying a lot of meat. The Wall Street Journal says their recent purchases are pushing up the prices of beef, pork, and poultry around the globe. Meat buyers are increasing their activity after African Swine Fever hit the country hard and reduced the size of the world’s largest pig herd by more than a …
More Optimism for Upcoming Talks Between the U.S. and China
(NAFB) — The Chinese Vice Premier, who’s leading China’s efforts in the trade talks with the United States, will be back in Washington next week. An Agri-Pulse report says he’ll be across the table from U.S. Trade Representative Robert Lighthizer. Earlier this week on the sidelines of the United Nation’s General Assembly in New York, U.S. Treasury Secretary Steven Mnuchin …
Tariff Increases Delayed as ‘Good Will’ Gesture
The tariff increases for Chinese imports that were scheduled to be implemented on Oct. 1 are now being delayed by two weeks, in what President Donald Trump is calling “a gesture of good will.” The announcement made via Twitter came on the heels of Chinese officials granting a one-year exemption on retaliatory tariffs on 16 American products. President Trump noted …
Soybean Growers Want Resolution with 90-Day Negotiation Period Waning
Soybean growers urge Congress to press Administration to end tariffs Talks are good, purchases are good, but lifting the tariff that China imposed last July on soybean imports from the United States is the only way for U.S. soybean farmers to regain commercial access to the significant Chinese market. “It is heartening that the Administration is keeping soybeans in the …
U.S.-China Take Step to Resolve Trade Differences
News of progress in resolving a U.S.-Chinese trade dispute has several in the ag sector expressing levels of optimism. Rod Bain has the story. U.S.-China Take Step to Resolve Trade Differences Source for below: American Soybean Association Soybean Growers Relieved to Hear Positive Trade News from G20 The American Soybean Association (ASA) was pleased to hear positive reports from the …
NCBA Responds to Canada Tariff Hikes on U.S. Beef Imports
Canada has announced it will place higher tariffs on U.S. beef imports starting on Sunday, July 1. Kent Bacus is the NCBA Director of International Trade and Market Access, and he says Canada has finally followed through on actions it’s been threatening for months. “Canada has followed through on a threat to slap a tariff on $170 million worth of …
China Dropping Tariffs on Feed Grains from Asian Countries
China is dropping tariffs on feed ingredients from five Asian countries as it seeks supplies that do not originate in the United States. The ongoing trade war between the U.S. and China is bringing further tariffs on U.S. soybeans and coproducts imported to China, as retaliation on U.S. tariffs implemented on China. Thus, China is seeking cheaper soybeans, soymeal, soybean …
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 …