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Balanced Reporting. Trusted Insights.
Sunday, April 06, 2025
China, in retaliation for new U.S. tariffs, revoked its latest goodwill gesture of exempting some Chinese importers from its own tariffs on U.S. soybeans, but at least one U.S. shipment will get through unscathed, according to U.S. government and industry officials.
President Donald Trump said Thursday he will hit roughly $300 billion worth of Chinese goods — effectively the only goods remaining untaxed in the ongoing trade war — with a 10% tariff on Sept. 1, raising concerns that the recently renewed trade talks are not going well.
Livestock and poultry groups say retaliatory trade tariffs are costing their industries billions in decreased sales and loss of potential market growth.
On the heels of the Department of Agriculture submitting a rewrite of rules to address competition in livestock markets, a group of producers took to Washington Tuesday to make their case for improved safeguards in the new rulemaking.
The White House Office of Management and Budget has finished its review of trade mitigation payments to the nation's producers hit by a trade war with China.
Negotiations between the U.S. and China resumed this week after Presidents Donald Trump and Xi Jinping agreed last month to try again to end their trade war, and California’s wine makers are hoping a resolution can salvage years of work to turn the Chinese into faithful customers.
Glyphosate is one of 28 pesticide product lines that President Trump is threatening to hit with tariffs of up to 25% starting next month. The crop protection industry is asking for exclusions and warning that costs could rise for manufacturers and farmers.
Michigan cherry farmers picked themselves up and got back into the orchards after a devastating frost seven years ago, but now they’re fighting a new kind of battle — one that many producers might not recover from if they lose.
