U.S. Trade Representative Robert Lighthizer recently called the World Trade Organization “a mess,” but some of the largest U.S. agricultural groups and companies are speaking out in a new letter to stress the importance of the WTO to American farmers.
South Korea, in a deal struck with the Trump administration last November, agreed to buy at least 132,304 metric tons of U.S. rice annually and the country is getting close to meeting that promise for 2020, according to U.S. government and industry officials.
President Donald Trump famously tweeted that trade wars “are good and easy to win.” It was a brash statement, but emblematic of his first term in which he either threatened or hit trade partners like China, Japan, South Korea, Mexico, Canada and the European Union with tariffs.
The European Union’s proposed overhaul of agricultural production methods is not just bad for Europe — it threatens food security in the poorest of nations that look to the EU as role model for farming and a trading partner, according to an onslaught of criticism released Monday by Trump administration officials.
Democratic congressional leaders refused to allow replenishment of a key Agriculture Department account, charging that the White House is employing it as a “political slush fund.” Senate Republicans quickly criticized the measure.
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.
The U.S. will be losing one of its staunchest advocates in China for U.S. beef, ethanol and other farm goods in early October. That’s when Ambassador Terry Branstad says he is stepping down from being the top U.S. representative in Beijing.
The U.S. and Brazil have agreed to revive for 90 days the expired tariff rate quota that allows some U.S. ethanol to flow to the South American country duty free, the two countries said in a joint statement Friday night.