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Shining Light on Farm & Food Policy for 20 Years.
Monday, October 28, 2024
President Donald Trump’s latest claim that he might push back a trade pact with China until after the 2020 elections has unleashed a new wave of uncertainty for America’s farmers who had been counting on promises that a resolution to the trade war was imminent.
The Trump administration’s trade assistance payments have become so critical to farm profits that some growers could take a hit to their income if the program is discontinued in 2020 because of a trade deal with China.
Japan’s Upper House approved a new trade pact with the U.S. on Wednesday, paving the way for lower tariffs on U.S. beef, almonds, walnuts, sorghum and other agricultural products early next year.
The move puts the nation’s largest beef producer group, which has long been opposed to mandatory country-of-origin labeling, on the side of making sure voluntary COOL declarations are accurate and verifiable.
A U.S.-China trade deal may not be finalized until late next year after the 2020 elections, President Donald Trump told reporters Tuesday during a visit to London.
President Donald Trump announced Monday the U.S. will be restoring tariffs on Brazilian and Argentine steel and aluminum, potentially disrupting the recently improving U.S. trade relationships with Brazil.
Lawmakers return from the Thanksgiving break with a long to-do list important to agriculture that includes keeping the government funded and potentially debating the U.S.-Mexico-Canada Agreement, all of which is competing for attention with the House impeachment battle.
Net farm income is projected to rise more than 10% this year, but nearly one-third of producer earnings will come from a combination of crop insurance benefits and direct government payments, including the Trump administration's trade assistance.