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Shining Light on Farm & Food Policy for 20 Years.
Thursday, May 16, 2024
It was more than two months ago, in early May, when Commerce Secretary Wilbur Ross sat down on a Tuesday morning with Agriculture Secretary Sonny Perdue in his second-floor office suite at USDA headquarters to discuss how they could push the Europeans into lowering trade barriers on U.S. farm commodities.
Ag Secretary Sonny Perdue was adamant in his comments to reporters today that the myriad ag issues that separate the U.S. and European Union be negotiated in upcoming trade talks, but EU officials again said that wouldn’t happen.
The U.S.-China trade war could drag on for years, but a U.S. agreement with Mexico on rewriting the North American Free Trade Agreement could happen as soon as August, U.S. Trade Representative Robert Lighthizer said today in a Senate hearing.
President Donald Trump and European Commission President Jean-Claude Juncker agreed to new negotiations today aimed at ending the trade war in a deal that would somehow result in Europeans buying more U.S. soybeans.
The USDA on Tuesday rolled out an outline of a $12 billion assistance plan amid growing anger from lawmakers and farm groups over the impacts of foreign tariffs on farm commodities.
USDA officials are scrambling to put together a presentation on an assistance program to help mitigate the tens of billions of dollars in damage that’s expected to be done to farmers and ranchers as a result of the Trump administration’s multifront trade war with China, Mexico, Canada, the European Union and elsewhere.
Farm group leaders and lawmakers railed against President Donald Trump’s trade policy and tariffs in a House Ways and Means subcommittee hearing today, bemoaning the effects on the ag sector as China, Mexico, Canada, the European Union, Turkey and others retaliate.
The Trump administration dispatched two of its top trade officials to meet with farm groups last week and the message was straightforward: The trade war that has generated tens of billions of dollars in tariffs on U.S. farm commodities isn’t likely to be over soon, and the ag sector needs to prepare for a lot more pain.
President Donald Trump and British Prime Minister Theresa May today forcefully stressed that the United States and United Kingdom plan to enter into a free-trade agreement after Britain’s planned exit from the European Union next year.
