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Balanced Reporting. Trusted Insights.
Friday, April 04, 2025
The United Kingdom has lifted tariffs on raw almonds, a move that should save importers in that country about $4 million a year and boost U.S. exports.
It’s long been a point of pride in American agriculture that the United States exported more than it imported in farm commodities, but that surplus has vanished and may not be coming back anytime soon.
Union members at West Coast ports have voted to ratify a six-year labor contract that was first tentatively agreed upon in June, the International Longshore and Warehouse Union and the Pacific Maritime Association announced.
China had no right to hit U.S. exports – including farm commodities - with retaliatory tariffs five years ago in response to U.S. steel and aluminum tariffs, according to a ruling Wednesday by a World Trade Organization dispute panel.
Overall, American agricultural exports have recovered from the trade war with China that began five years ago, but many specialty crops still suffer from Chinese retaliatory tariffs.
India marked Prime Minister Narendra Modi’s visit to the White House and Capitol Hill by agreeing to cut tariffs that it imposed on some U.S. farm goods five years ago in retaliation for U.S. tariffs on Indian steel and aluminum imports, the Office of the U.S. Trade Representative said Thursday.
In a period when inflation has raised the cost of everything from fertilizers to shipping, groups representing agricultural producers and processors are calling for increased funding for two proven and longstanding export programs.
Some ag shippers are still using the Port of Oakland to send wine, walnuts, fruits, vegetables, hay and rice to foreign buyers, but many other exporters are also looking for alternatives to the key — but troubled — West Coast shipping point.
The combination of factors that came together within the last two years for California food and agriculture “should be considered a Black Swan event” that was unpredictable yet can have severe impacts, according to a leading analyst.
