American Soybean Association farmer-leaders from across the country are on Capitol Hill this week to talk with lawmakers about the potential impact of Chinese tariffs on U.S. soybeans. ASA President John Heisdorffer says China purchases 61 percent of U.S. soybean exports, as well as 30 percent of the overall U.S. soybean production. “In short, trade with China matters and is …
The U.S. Calls For Additional $100 Billion In New Tariffs on Chinese Goods
A Bloomberg Report says President Donald Trump ordered administration officials to consider imposing an additional $100 billion worth of tariffs on Chinese goods. That announcement heightened concerns the two nations are heading toward a trade war. The move could unravel efforts by officials from both countries to take the rhetoric down a notch and come together to negotiate an agreement …
Market Experts: Keep China Tariff in Perspective
No one has officially declared ‘war’ in the way of trade between the U.S. and China, but the nations are no doubt in the makings of a trade war. President Donald Trump insisted that “we are not in a trade war with China.” However, China fired back a proposed list of tariffs less than 24 hours after the Trump administration …
Groups Respond to Proposed Chinese Tariff Announcement
From American Farm Bureau Federation (AFBF) The following statement on the Chinese tariff announcement may be attributed to American Farm Bureau Federation President Zippy Duvall: “Farmers and ranchers are, by necessity, patient and optimistic. We know markets ebb and flow. But China’s threatened retaliation against last night’s U.S. tariff proposal is testing both the patience and optimism of families who …
Ag Trade Group: China Tariffs a Tax on Farmers
A U.S. agricultural trade group says the tariffs announced by China are a tax on U.S. agriculture. Farmers for Free Trade, a coalition formed to promote agricultural trade, says the tax stems from protectionist trade policies by the Trump administration. Max Baucus, the organization’s Co-Chair, says the new tariffs “are a drag” on farmers struggling to make ends meet with …
China Enacts Tariffs Targeting U.S. Pork
China is moving forward with retaliatory tariffs on U.S. products, including the 25 percent tariff on U.S. pork. China’s Ministry of Finance announced Sunday it will suspend duty reductions on select imported goods from the United States. In the announcement, China says the Trump administration’s steel and aluminum imports to the U.S. violate World Trade Organization rules, and “did not …
Farmers for Free Trade Continues Ad Campaign Aimed at President Trump
Farmers for Free Trade released another television ad on Thursday as part of the effort to highlight the damaging impact retaliation from a series of new tariffs will have on critical ag exports. The new spot features Indiana corn and soybean grower Brent Bible, whose soy operation relies on exports to China, as do many more across the country. “I’m …
Protecting Ag from Trade Retaliation
Many in the agricultural sector are worried about possible retaliation against the U.S. for announced tariffs on imported steel and aluminum. But according to a story from Rod Bain, the President’s Special Assistant for Agriculture says the White House will do everything in its power to protect the farm sector from the impacts of potential retaliatory trade actions. Protecting Ag …
Trade Coalition Launches Effort Against U.S. Tariffs
A new effort seeks to protect U.S. agriculture from trade retaliation. Americans for Farmers and Families Tuesday announced the “Retaliation Hurts Rural Families” project. Former Missouri state lawmaker and spokesperson for the project, Casey Guernsey, says the effort will help farmers and ranchers “communicate with one voice” to the Trump administration that “rural and farming communities must be heard.” The …
China: U.S. “Severely Damaged” Multilateral Trade
Steel and aluminum tariffs crafted by the Trump administration based on national security have “severely damaged” the multilateral trade system, according to officials from China. In a translated news release, a Chinese trade official says the nation will take legal actions through the World Trade Organization to “maintain the stability and authority” of multilateral trade. The comment came late last …