Shining Light on Farm & Food Policy for 20 Years. Wednesday, July 31, 2024

Politics

President Donald Trump and Ag Secretary Sonny Perdue

Trump mulls more tariffs on China; Perdue vows to protect ag from trade war

President Donald Trump signaled today he’s willing to significantly up the ante in the escalating trade fight with China by proposing an additional $100 billion in tariffs on Chinese goods. USDA Secretary Sonny Perdue released a statement shortly afterwards, doubling down on his recent promises to protect farmers and ranchers from becoming collateral damage in the spat.
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Chinese flag

China fires back again as trade tensions escalate

In the latest salvo of trade actions between the U.S. and Chinese governments, the Chinese Ministry of Commerce (MOC) announced plans today to impose a 25 percent tariff on $50 billion of U.S. goods, including soybeans, aircraft and automobiles, according to the Chinese News Agency, Xinhua.
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