The U.S. sold about $20 million worth of peanuts to Japanese importers last year, but the American Peanut Council expects that American farmers will be able to sell a lot more in the coming years now that they have a tariff advantage over the Chinese.
The Senate Finance Committee will hold a hearing Thursday to consider the nomination of Katherine Tai to be President Joe Biden’s U.S. Trade Representative and point person on the future of trade relations with China.
U.S. beef exports to Japan have been very good in recent months — maybe too good. The Japanese have imported so much U.S. beef, it’s looking like they will hit a “safeguard trigger” designed to protect domestic producers with a tariff.
Prices for many commodities have risen sharply to levels not seen in several years. But the president of the nation’s largest farm group, the American Farm Bureau Federation, isn’t ruling out seeking additional federal relief in 2021.
Philip Seng, former president and CEO of the U.S. Meat Export Federation, has been presented Japan’s Order of the Rising Sun, which is awarded to people who have made distinguished achievements in international relations and other fields.
U.S. pork exports continue to break records, buoyed by unprecedented demand from China, where African swine fever decimated production, but American producers are preparing to adapt as the country quickly rebuilds its herd.
The Senate is officially out of action until Oct. 19, but House Speaker Nancy Pelosi, D-Calif., says negotiations on a potential coronavirus relief package will continue today. “We’re having our conversations,” she told reporters on Monday.