Trade
A 17-year conflict over aircraft subsidies is coming to a temporary close as the U.S. and European Union have agreed to a truce, and it could spill over into a positive move for certain U.S. agricultural goods.
The Renewable Fuels Association (RFA) says China’s buying increased to 48.3 million gallons in March, which is the second largest monthly export total ever on record, just missing the high set in April 2016.
Some agricultural groups would like the newly-installed U.S. Trade Representative to reconsider some previous trade deals. That includes joining what was formerly known as the Trans Pacific Partnership.
Just this week, USDA confirmed U.S. sorghum shattered records last week, with a total of 33.9 million bushels of purchases. The total smashed the previous record set in August 2020 by 10 million bushels.
Brazilian production of ethanol from corn rose 58% in the newly passed year as dozens of recently built plants in the country’s grain heartland ramped up production.
The maneuvers to try to refloat the mega container ship Ever Given, stranded in the Suez Canal since last Tuesday, have been successful early this Monday.
USDA Secretary Tom Vilsack said a Mexican plan to ban imports of GMO corn would apply to grain used for human food products, not livestock feed, based on a conversation he had with Mexican Agriculture Secretary.
The first U.S.-China meeting of the Biden administration got off to a fiery start, with both sides leveling sharp rebukes of the others’ policies in a display that underscored the level of bilateral tension.
Farmers for Free Trade wants to see a full implementation of the Phase One trade agreement. A year into the deal, there are still accountability and compliance issues with China.
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.
While trade is not a headline of the Biden Administration in the first 100 days, it’s not stopping Katherine Tai from making her voice heard. Tai is now waiting full confirmation vote to put her ideas to work.
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.
Biden’s USTR nominee was a key player in the USMCA negotiations, and some think USMCA may be a template for future trade talks, including the possibility of rejoining the Trans-Pacific Partnership (TPP).
Trade seems to be taking a back seat in Washington. From COVID-19 recovery to a focus on climate, other issues are taking priority in the new White House. That’s not stopping ag groups from pushing for key trade deals.
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.
Whether it’s to fulfill Phase One promised, or an increased need for feed, some say the timing of the record Chinese buys isn’t a coincidence. So, what’s driving the record demand from China?
China’s appetite for U.S. corn seems unstoppable. Just this week, daily sales of corn to China added up to a new record.
President Joe Biden’s trade team is coming together, and it looks to be stacked with individuals who were key in crafting the U.S. Mexico Canada Agreement (USMCA).
Corn, wheat and soybeans saw a price pop this week on news China made a big purchase of U.S. corn. USDA confirmed China bought 686,000 MT of corn for delivery to China, 371,000 of which was in purchases of old crop.
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.
On Wednesday President Donald Trump and Vice Premier Liu He signed the Phase One portion of the trade deal between the U.S. and China.
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.
It’s crunch time in Washington D.C. to get the U.S.-Mexico-Canada Agreement (USMCA) passed in 2019, with many agricultural groups and organizations losing patience. So, what does the deal do for agriculture?
The U.S. and China reached a partial agreement Friday that would broker a truce in the trade war and lay the groundwork for a broader deal.
The U.S. and Japan signed a limited trade deal intended to boost markets for American farmers and give Tokyo assurances, for now, that President Donald Trump won’t impose tariffs on auto imports.
All former U.S. Secretaries of Agriculture since President Reagan’s Administration announced on Thursday their support for the United States-Mexico-Canada Agreement (USMCA).
Beijing says it supports domestic companies purchasing a certain amount of U.S. farm produce.
USDA announced a new tariff aid plan that offers a single payment rate for all commodities.
The Trump administration is preparing to announce another round of aid to farmers hurt by the trade war with China as soon as Thursday.
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.