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Shining Light on Farm & Food Policy for 20 Years.
Saturday, January 18, 2025
If you followed Donald Trump’s presidential campaign, you know that he talked tough on trade – especially when it came to countries he believed were giving the U.S. a raw deal.
In the latest salvo of trade actions between the U.S. and Chinese governments, the Chinese Ministry of Commerce (MOC) announced plans today to impose a 25 percent tariff on $50 billion of U.S. goods, including soybeans, aircraft and automobiles, according to the Chinese News Agency, Xinhua.
The question of which country will be the first to sit down for serious negotiations on a bilateral free trade agreement with the U.S. under the Trump administration is still wide open, but India is likely a top candidate.
Hundreds of ag stakeholders braved a Nor’easter Wednesday predicted to drop almost a half foot of snow in Washington to attend a summit on ag food and policy hosted by Agri-Pulse. Kicking off the event was Ray Starling, special assistant to President Trump for agriculture, who assured the audience that the White House position on ag trade was, "We are open for business."
The European Union, Brazil, South Korea, Japan and other steel and aluminum exporters are scrambling to try and get exemptions to President Donald Trump’s tariffs, while much of the U.S. ag sector is worried they’ll be harmed by a backlash.
The leaders of Japan and the other 10 remaining countries in the renamed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed off on the sweeping trade pact last Thursday and many in the U.S. ag sector are worried they’ll suffer from being left out.
China made it clear this month it wants to block imports of U.S. sorghum, but the country's new dumping investigation may be just adding fuel to demand from feed mills there for the U.S. grain.
