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.
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.
President Donald Trump today announced the U.S. will hit China with $50 billion worth of tariffs on more than 1,000 Chinese productds, taking the U.S. closer to a trade war with the Asian nation, which has threatened to hit back with tariffs on U.S. soybeans, wheat, corn and other commodities.
Many of Donald Trump’s biggest supporters live in rural America, where it’s not unusual to see Trump flags flying high, along with caps and bumper stickers boasting his signature “Make America Great Again” campaign theme. But his actions on trade, are making farmers and ranchers increasingly nervous.
Pork exports were a hot topic at the World Meat Congress for both the challenges ahead in a very uncertain trade environment and growing opportunities as global consumers demand more protein and innovative food products.
U.S. beef producers are excited about the possible sales opportunities that could result in China’s increased desire for beef, but the same could be said for every country that sends beef to the People’s Republic.