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Balanced Reporting. Trusted Insights.
Saturday, May 21, 2022
The retaliatory duties imposed on U.S. farm exports as a result of the Trump administration's tariffs cost the American ag sector $27 billion from mid-2018 through 2019, according to a new analysis by USDA's Economic Research Service.
The Biden administration is seeking to avoid the practice of creating winners and losers as it tries to expand international trade, Katherine Tai, the nominee to be the next U.S. Trade Representative, told senators Thursday.
A World Trade Organization panel ruled Tuesday that the U.S. broke its international commitments by circumventing the WTO dispute system and hitting China in 2018 with tariffs on $234 billion worth of its goods.
Glyphosate is one of 28 pesticide product lines that President Trump is threatening to hit with tariffs of up to 25% starting next month. The crop protection industry is asking for exclusions and warning that costs could rise for manufacturers and farmers.
