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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, April 23, 2024
China’s Finance Ministry announced today the country will raise tariff rates on $60 billion worth of U.S. products, an expected trade war escalation after the U.S. increased import taxes on Chinese goods Friday.
Agriculture Secretary Sonny Perdue confirmed Friday that USDA, at the request of the White House, is working to put together a second aid package for farmers to make up for losses from Chinese tariffs.
The optimism coming out of the White House and USDA for a U.S. deal with China to end the trade war has been growing for months, but the rosy outlook dimmed this week because of a new rift between both countries’ negotiators.
It’s not competing pork producers in Europe or Canada who are the biggest threat to the U.S. share of Mexico’s demand. It’s producers already in or moving to Mexico.
U.S. Trade Representative Robert Lighthizer confirmed today he will carry out President Donald Trump’s threat to increase the tariff rate on $200 billion worth of Chinese goods.
When President Donald Trump fired off a pair of tweets on Sunday, he set the stage for a market shakeup at home and abroad as politicos and producers alike tried to determine where global trade talks stood.
Trade talks between the U.S. and Japan are moving quickly, and there’s a good chance the two countries can wrap up an ag-centric deal to lift Japanese tariffs by the end of May, U.S. Agriculture Secretary Sonny Perdue said Tuesday.
Congressional Democrats were at the White House Tuesday to discuss a path forward for infrastructure legislation, and discussions appear to have yielded a broad framework for a bill.
President Donald Trump highlighted the importance of getting Japan to lower its tariffs on U.S. farm commodities as the two countries hash out a bilateral free trade agreement, a deal he said is progressing very rapidly.
