We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Terms and Cookie Policy
Shining Light on Farm & Food Policy for 20 Years.
Thursday, December 19, 2024
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.
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.
Some Republicans say the best thing Congress could do to help farmers withstand the turmoil in trade policy is to pass a new farm bill. But economists say the legislation is unlikely to offer much relief to farmers, especially soybean growers, even if commodity prices don’t recover from their current tariff-induced slump.
