(NAFB) — President Donald Trump plans to begin enacting additional tariffs on China to pressure negotiators to reach a trade agreement. Talks between the U.S. and China are scheduled again in September, according to the White House. President Donald Trump took the trade war to Twitter again Thursday afternoon, announcing additional tariffs against China starting in September. Trump says the …
WTO Rules against US over Pre-Trade War Dispute with China
(NAFB) — The World Trade Organization (WTO) ruled against the United States in a pre-trade war dispute with China, opening the door for more retaliatory tariffs. The ruling says some U.S. tariffs on Chinese goods do not comply with WTO rules. The case opened in 2012 when the United States implemented tariffs aimed at products the U.S. claimed “were unfairly …
Perdue Says Farmers Are “A Casualty” in Trade War
(NAFB) — Secretary of Agriculture Sonny Perdue acknowledged in an interview earlier this week that farmers are “casualties” in President Trump’s trade war with China. Perdue told CNN he didn’t think a trade deal was likely this weekend when Trump and Chinese President Xi meet in Japan. He’s now hoping a deal can be reached by the end of this …
USMEF on Issues with U.S. Red Meat in China
It was recently noted that next month President Trump is scheduled to meet with the Chinese President, as many in agriculture are concerned with the trade war between the two countries. Last week, the U.S. Meat Export Federation (USMEF) held their Spring Conference in Kansas City, Missouri. During the event, USMEF President and CEO, Dan Halstrom, talked about how the U.S. red meat industry …
Perdue Says No “Long-Term Fallout” From Dispute with China
The U.S. trade talks with China seem to be a long way from wrapping up. However, Ag Secretary Sonny Perdue is trying to assure producers that when an agreement is finally reached, it will be good for farmers’ pocketbooks. When that agreement is reached, Perdue says China will be purchasing even more farm goods than they had before the trade …
China, U.S. Nearing Trade Deal
The U.S. and China are inching closer to an agreement on trade that could be reached this month, according to those close to the talks. Bloomberg reports an agreement could be reached and finalized later this month during a planned summit between China’s President and President Donald Trump. As part of the potential agreement, China would lower tariffs on agricultural …
U.S., China to Continue Trade Talks This Week
The U.S. and China will continue talks this week that will hopefully lead to an end to the trade war between the two economic superpowers. A Reuters article says sources from both sides feel the recent negotiations kept things moving forward. The Trump Administration still seems committed to the March 1 deadline to reach a deal or raise tariffs on …
China Trade War Not Ending Soon
The trade war between China and the U.S. will not be ending soon. President Donald Trump recently told Agri-Pulse that “you’ve got to have a little time,” referring to when trade relations may return to normal or better status between the United States and China. President Trump is scheduled to meet with Chinese President Xi Jinping at the G20 meeting …
Perdue Talks Possible Trade Aid Adjustments
USDA is considering the possibility of adjusting direct payments to producers who’ve been hurt by the trade war. The adjustments may include factoring in hurricane damage after southeast U.S. producers were hit hard by hurricanes this year. A DTN report says Perdue asked USDA staff to look at the fact that they believe payments should be based on actual production …
Agri View: Trade War Damage
Everett Griner talks about who loses in a trade war in today’s Agri View. Trade War Damage Trade war — it has been going on for almost half a year now, and nobody has any notion of when it will end. Unlike a real war where many people are hurt, trade war hurts everybody, especially the producer. Look at this: …