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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 19, 2024
Ethanol champions are pushing the Biden Administration to place additional pressure on Brazil as they seek to loosen tariffs that have sent U.S. exports of the biofuel to the South American nation into a tailspin.
In this opinion piece, John Bode of the Corn Refiners Association discusses the latest agriculture economic data, including a report released today, and how lawmakers should adjust and inform U.S. trade policy accordingly.
The U.S. and Japan have reached a deal that would make it less likely that the Japanese safeguard trigger will boost tariffs on U.S. beef, as it has done in the past.
Brazil’s Ministry of Economy announced Tuesday that beginning Wednesday, Brazil will suspend its 18% tariff on ethanol imports for the rest of 2022 in an inflation-cutting effort to reduce fuel prices domestically.
The Philippines, already a big importer of U.S. pork, is lowering its tariffs to allow for more foreign supplies as the country continues to battle African swine fever, according to an announcement made Wednesday by the National Pork Producers Council.
U.S. beef exports to Japan have been so strong that they set off a “safeguard trigger” designed to protect domestic producers by increasing the country’s tariff level.
U.S. beef exports to Japan have been very good in recent months — maybe too good. The Japanese have imported so much U.S. beef, it’s looking like they will hit a “safeguard trigger” designed to protect domestic producers with a tariff.
China’s latest promise to reduce tariffs on U.S. soybeans and pork is being lauded as an olive branch ahead of new trade talks early next month, but China also needs more of the commodities to feed its people, according to industry and government analysts.
U.S. dry whey, a key component in swine feed, is just one of the 16 U.S. commodities the Chinese Finance Ministry will exclude from tariffs beginning Sept. 17, according to a Wednesday announcement.
The U.S. and China are set to begin trade talks again after a tumultuous week of tension-escalating threats of new tariffs and tariff-rate increases that roiled international markets and alarmed the U.S. ag sector.
