Today’s the deadline that senior Trump administration officials had set for getting an agreement with Democrats on a new coronavirus relief package. But there is still no sign that a deal is anywhere close.
The Democratic Party’s draft 2020 platform calls for directing more farm subsidies to small and medium-size farms while making the agriculture sector the first in the first world to eliminate net carbon emissions.
The U.S. and China are set to go head to head at the World Trade Organization in Geneva next week in a brewing battle over Chinese wheat and rice subsidies, and neither side is showing any sign of backing down.
Ag trade experts are working to assess how President Donald Trump's call for an end to preferential trade treatment for Hong Kong will impact American ag exports there, but say there appears to be no direct impact on the "phase one" trade deal with China.
The “phase one” trade deal with China is paying off substantially for commodities like soybeans, corn, wheat and sorghum, but it’s hit or miss for specialty crop farmers, many of whom are still trying to find replacement markets.
The Trump administration continues to argue that it can use the threat of auto tariffs as a tool in negotiating trade agreements, but House Democrats are demanding that the Commerce Department report that supposedly justifies the threat be released publicly.
China’s Finance Ministry announced Thursday that on Feb. 14 it will cut tariff rates on $75 billion worth of U.S. products, including some ag commodities such as soybeans, chicken, pork, oranges and asparagus, but the impact is expected to be minimal.