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Balanced Reporting. Trusted Insights.
Thursday, February 25, 2021
South Korea, in a deal struck with the Trump administration last November, agreed to buy at least 132,304 metric tons of U.S. rice annually and the country is getting close to meeting that promise for 2020, according to U.S. government and industry officials.
After years of negotiation, South Korea has agreed to U.S. demands to set up a quota to ensure imports of U.S. rice, the Trump administration announced Tuesday.
Meat exporters’ scouts abroad describe plant-based meat substitutes as popular in spots, a curiosity or absent in others, and too pricey so far in most places.
The House and Senate are pursuing a deal on disaster aid with just two weeks left until the self-imposed deadline of Memorial Day and little sign of progress on the major reasons for the impasse.
Retaliation from around the world to U.S. steel and aluminum tariffs is still hitting farmers and ranchers here hard, but the pain could get a lot worse if President Donald Trump follows through with threats to impose new import taxes on cars and car parts.
U.S. negotiators are getting frustrated with South Korea's continued refusal to allow in more products from American farmers, including rice and apples.
President Donald Trump and South Korea President Moon Jae-in today signed off on the renegotiated United States–Korea Free Trade Agreement (KORUS), putting an end to concerns from the U.S. farm sector about possibly losing the six-year old pact that has spurred American agricultural exports.
U.S. and South Korean negotiators have reached a preliminary agreement to preserve the six-year-old free trade pact between the two countries that has been very lucrative for U.S. agricultural exports, say Trump administration officials.