Brazil, known and often reviled in the U.S. ag sector for its successful World Trade Organization challenge to U.S. cotton support programs, is now suspected breaking WTO rules by subsidizing its rice exports.
Agriculture Secretary Sonny Perdue likes to tell people that he’s a “grow it and sell it kind of guy” who is always on the lookout for opportunities to do so. Increasingly, that means understanding world population and demand growth – outside of U.S. borders.
In the latest salvo of trade actions between the U.S. and Chinese governments, the Chinese Ministry of Commerce (MOC) announced plans today to impose a 25 percent tariff on $50 billion of U.S. goods, including soybeans, aircraft and automobiles, according to the Chinese News Agency, Xinhua.
The question of which country will be the first to sit down for serious negotiations on a bilateral free trade agreement with the U.S. under the Trump administration is still wide open, but India is likely a top candidate.
Hundreds of ag stakeholders braved a Nor’easter Wednesday predicted to drop almost a half foot of snow in Washington to attend a summit on ag food and policy hosted by Agri-Pulse. Kicking off the event was Ray Starling, special assistant to President Trump for agriculture, who assured the audience that the White House position on ag trade was, "We are open for business."
The European Union, Brazil, South Korea, Japan and other steel and aluminum exporters are scrambling to try and get exemptions to President Donald Trump’s tariffs, while much of the U.S. ag sector is worried they’ll be harmed by a backlash.