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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 26, 2024
The U.S. farm sector knows the repercussions from President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports are going to be bad – they just don’t know yet how bad.
When Japan was asked if it wanted fries to go with recent free trade agreements, it said yes. Unfortunately for U.S. potato farmers and processors, those fries will come mostly from Canadian and Belgian spuds.
The U.S., Canada and Mexico announced progress today at the conclusion of the seventh round of North American Free Trade Agreement talks in Mexico City, but it was the U.S. plan to levy steep tariffs on steel and aluminum imports that took center stage.
The Senate today cleared the way for Gregg Doud to be the next chief agricultural negotiator for the Office of the United States Trade Representative, bringing key new manpower to the agency as it renegotiates the North American Free Trade Agreement and chases new free trade agreements in Asia.
President Donald Trump announced today that the U.S. will be hitting steel and aluminum imports from China and other countries with tariffs, elevating an already high level of concern that China will retaliate and U.S. ag exports will be caught in the crossfire.
The USDA is expecting strong support from farmers, elevators and exporters in an urgent mission to reduce the amount of unwanted material like weed seeds in the U.S. soybean supply.
Brazil, the world juggernaut of agricultural production over the past 20 years, has the land, weather, labor and potential to increase soybean, corn and meat production even more dramatically over the next two decades, according to Brazilian and U.S. analysts.
U.S. sugar farmers want to keep restricting the inflow of foreign supplies just as much as sweetener users – think candy and food companies – want to increase imports and push down prices. As a result, friction between the two sides is heating up as Congress prepares to write the next five-year farm bill.
China made it clear this month it wants to block imports of U.S. sorghum, but the country's new dumping investigation may be just adding fuel to demand from feed mills there for the U.S. grain.
When China announced last week that it was taking aim at U.S. sorghum exports, it was widely seen as retribution for U.S. trade aggression. But the new Chinese anti-dumping investigation also fits into a wider pattern of efforts to dig the Asian country out of its massive stockpiles of corn.
