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Shining Light on Farm & Food Policy for 20 Years.
Saturday, September 28, 2024
China agreed to buy an additional 10 million metric tons of U.S. soybeans as negotiators from both countries agreed to extend the latest round of trade talks to go through the weekend, a sign that significant progress is being made to end the trade war, President Donald Trump said Friday.
The top U.S., Canadian and Mexican agriculture officials came together today to espouse the benefits of trilateral cooperation and a newly renegotiated North American trade pact, but the unity was marred by the Trump administration’s refusal to lift its steel and aluminum tariffs.
USDA economists expect farmers to increase plantings of corn this spring while reducing their soybean production as the Trump administration's ongoing trade war with China remains unsettled. Record amounts of meat and milk production are projected.
China needs rice imports, U.S. farmers are anxious to sell more rice and it might not be long before the countries are doing business after more than 20 years of haggling over details of opening up trade.
U.S. negotiators are on their way home from Beijing, but the exhaustive negotiations to try to end the U.S.-China trade war will continue almost immediately next week in Washington D.C., the White House announced today.
If the Trump administration wants the legislatures in the U.S., Mexico and Canada to ratify the renegotiated trade agreement that binds all three countries with virtually no ag trade tariffs, it’s going to have to lift its steel and aluminum tariffs, Senate Finance Committee Chairman Chuck Grassley said Wednesday.
U.S. and Chinese negotiators are in Beijing this week trying to strike agreements to end the countries’ trade war, but the damage has already been done for the U.S. ag sector and farmers say some of it is irreversible.
Cotton growers have been patient with President Donald Trump’s trade war with China, by far their most important customer. After all, they’ve had their own frustrations with China for years. But cotton growers say that patience is running short as planting season nears.
Congressional negotiators are struggling to close a deal that could increase border security funding while funding USDA, FDA and other agencies important to agriculture for the rest of fiscal 2019 and provide disaster aid for farmers hit by the 2018 hurricanes.
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