China
Do tariffs fuel inflation? John Phipps’s Customer Support segment explains why economists have struggled to come up with estimates of economic effects due to lingering COVID influence on world business.
Shanghai offered some tax rebates for companies and allowed all manufacturers to resume operations from June as authorities rolled out policies to revitalize an economy impacted by Covid-19 lockdowns.
President Biden spent last weekend in Tokyo, Japan. During the visit, Biden announced a dozen Indo-Pacific countries will join the U.S. in a “sweeping” economic initiative, primarily focused on countering China.
Pro Farmer’s Jim Wiesemeyer is told U.S. lawmakers want Chinese import tariffs knocked down to minimize inflationary pressure. USTR Katherine Tai says tariff adjustments aren’t likely, but are on the table.
We could be headed for a volatile year – or more – in both ag commodities and energy. Here are just a few reasons for strong prices.
With the U.S. on the back end of COVID-19 and the conflict between Russia and Ukraine unraveling, USTR Katherine Tai says her office is currently focused on three themes: resilience, sustainability and competition.
Rep. Garamendi says the USDA partnership with the Port of Oakland “isn’t going to solve the problem” because shippers deliver product to the U.S. and leave ports with empty containers.
Mark Mills, senior fellow at the Manhattan Institute, recently joined Chip Flory on AgriTalk to talk about the logistics and supply chain challenges ahead for electric vehicles.
On Monday the People’s Bank of China also announced a 0.1 percentage point cut to two of its key policy rates. It acted after GDP grew by more than 8% in 2021, but slowed down in the fourth quarter.
AgriTalk Host Chip Flory and Pro Farmer policy analyst Jim Wiesemeyer discuss plans Congress will probably have these last weeks of 2021, including the debt ceiling and the Build Back Better plan in the Senate.
One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China’s savings rate and what it’s meant for exports.
A phase one trade deal with China is official, clearing the way for America’s chief trade competitor to purchase $80 billion worth of U.S. agricultural goods over the next two years.
China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a test of bilateral engagement between the world’s biggest economies.
USTR divulges President Biden’s intentions with U.S.-China Trade Phase One while House Ag Committee’s Thompson applauds Trump and demonstrates hope in Biden.
China’s government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items, and in turn, violated the spirit of the January 2020 Phase One trade deal with the U.S.
China will strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices, the state planner said on Tuesday.
In a unanimous Senate vote on Wednesday, Katharine Tai was confirmed as the next U.S. Trade Representative. The trade expert was confirmed with a vote of 98-0.
China booked its largest purchase of U.S. corn since January, the U.S. Department of Agriculture said on Tuesday.
Congress got a clearer view of President Biden’s trade agenda this week as the Senate Finance Committee questioned Katherine Tai, Biden’s nominee to serve as the United States Trade Representative.
China put a record number of corn purchases on the books to end January, but it’s not just China buying. This week, USDA confirmed China bought more corn from the U.S., a sign demand may be strong across the board.
China’s appetite for U.S. corn seems unstoppable. Just this week, daily sales of corn to China added up to a new record.
USDA raised its estimate for China corn imports, a step some analysts think is just the start. Darren Frye and Arlan Suderman debate whether China’s corn imports will live up to analysts’ expectations.
A positive demand story is helping bring life to commodity markets, a market signal that could lend to more U.S. acres and overall production in 2021.
The U.S. and China Phase One trade agreement comes with hefty expectations. What could China buy to meet its $40 billion goal, and when could those buys happen? Economists and market experts weigh in.
President Donald Trump signed off on a so-called phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation.
The U.S. hiked tariffs on more than $200 billion in goods from China on Friday in the most dramatic step yet of Donald Trump’s push to extract trade concessions.
With investors still worried about the fallout from the trade war, China will this week announce industrial production and retail sales for February.
President Donald Trump plans to meet with China’s top trade negotiator Friday afternoon as the U.S. tries to forge a preliminary deal with its biggest economic rival.
President Donald Trump says he will extend a deadline to escalate tariffs on Chinese imports, citing “substantial progress” in weekend talks between the two countries.
Trade tensions between the U.S. and China ratcheted higher after the Asian nation said it will follow through on plans to levy tariffs on a range of American farm goods including soybeans and corn.