Articles Tagged with ''china''

China’s Commerce Ministry announced today it will soon be sending a trade delegation to the U.S. ahead of an escalation in tariffs, many of which are taking a toll on U.S. agriculture exports.

The USDA announced today it will be buying up to $50 million worth of fluid milk in an effort to bring financial relief to the dairy industry, which is suffering from high production and foreign trade tariffs.

As U.S. leaders pledge to increase tariff rates on Chinese products and the Asian giant plans to retaliate, more farmers are asking: “How do tariffs really work?”

China today promised to strike back once again over a planned escalation of U.S. import taxes. The Chinese Finance Ministry announced it will increase tariffs on an additional $60 billion worth of U.S. products if the U.S. follows through with a plan to add tariffs to $200 billion of Chinese goods by September.

President Donald Trump today asked his top trade negotiator to consider increasing the pain from proposed new tariffs on $200 billion of Chinese goods, raising the rate to 10 percent to 25 percent.

The U.S.-China trade war could drag on for years, but a U.S. agreement with Mexico on rewriting the North American Free Trade Agreement could happen as soon as August, U.S. Trade Representative Robert Lighthizer said today in a Senate hearing.

USDA officials are scrambling to put together a presentation on an assistance program to help mitigate the tens of billions of dollars in damage that’s expected to be done to farmers and ranchers as a result of the Trump administration’s multifront trade war with China, Mexico, Canada, the European Union and elsewhere.

Farm group leaders and lawmakers railed against President Donald Trump’s trade policy and tariffs in a House Ways and Means subcommittee hearing today, bemoaning the effects on the ag sector as China, Mexico, Canada, the European Union, Turkey and others retaliate.