China has begun making policy changes and will soon be accepting applications for tariff exemptions as part of its agreements under the phase one trade pact with the U.S., the Trump administration announced Tuesday.
Beef and pork stole much of the spotlight when President Donald Trump and Japanese Prime Minister Shinzo Abe signed off on a trade pact last week, but many of the U.S. winners will be American specialty crop farmers.
Michigan cherry farmers picked themselves up and got back into the orchards after a devastating frost seven years ago, but now they’re fighting a new kind of battle — one that many producers might not recover from if they lose.
The retaliatory tariffs imposed by China on imports of U.S. fruits and tree nuts will hurt American producers, but the pain will be eased by increased demand from a surging middle class in the world’s most populous country, according to a RaboResearch report.
Farm group leaders and lawmakers railed against President Donald Trump’s trade policy and tariffs in a House Ways and Means subcommittee hearing today, bemoaning the effects on the ag sector as China, Mexico, Canada, the European Union, Turkey and others retaliate.