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Shining Light on Farm & Food Policy for 20 Years.
Friday, November 01, 2024
The trade war with China has gone on longer than most expected, so it was a jolt to the collective system when President Donald Trump said twice in the past two weeks that it might rage on for another year or longer.
The latest Purdue University/CME Group Ag Economy Barometer indicates that producers were growing more optimistic in July, but the ongoing trade spat with China may impact the next survey.
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.
American ranchers and cattle producers get exclusive access to a large portion of Europe's tariff rate quota for beef under a deal signed Friday at the White House.
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.
The U.S. and China have wrapped up their first round of face-to-face trade negotiations since talks fell apart in May and both sides agreed to meet again in September as President Donald Trump continues to tone down expectations of a quick resolution.
The latest version of the Trump administration’s trade assistance for farmers may provide some growers with more money than their actual losses from the ongoing trade war with China, but supporters of the aid package say it’s vital to helping many produces to survive until better times.
Specific demands have now been made by House Democrats for changes to the U.S.-Mexico-Canada Agreement, and they say it’s now up to the Trump administration to make them happen as lawmakers embark on their six-week summer recess.
The rapid expansion of African Swine Fever (ASF) and increasing vegetable and fruit truck traffic across the U.S.-Mexico border, is causing Congress to consider authorizing more money for Customs and Border Protection Agricultural Specialists at U.S. ports of entry.
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