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Shining Light on Farm & Food Policy for 20 Years.
Saturday, August 17, 2024
The trade deal struck Monday with Mexico is a major respite for the U.S. agriculture sector after enduring one trade disruption after another. But the Trump administration has a long way to go to restore any semblance of normality to the international marketplace that farmers and ranchers increasingly depend on to sell their crops.
The Department of Agriculture may have addressed many of the lingering questions about its trade assistance package with a Monday announcement detailing many of the relevant figures, but inquiring producers are still wondering how many aspects of the plan will be sorted out.
Trade and agriculture issues may play unusually prominent roles in congressional races this fall as Democrats look to seize control of the House and hang on to Senate seats they hold in farm states that President Donald Trump carried in 2016.
The trade war the Trump administration is involved in with China will result in "a little pain" for farmers, but ultimately, "a lot of good things are going to happen," President Donald Trump said in an interview with RFD-TV Tuesday.
USDA today announced details for roughly half of the long-awaited $12 billion aid package of payments and market support to help producers impacted by ongoing trade disputes with China, Mexico, the European Union, Turkey and other countries.
The USDA appears to be on track to unveil on Friday details of a $12 billion assistance plan for farmers hurt by the international blowback from President Donald Trump’s trade battles with China, Mexico, the European Union, Turkey and elsewhere.
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.
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.
