Trade
It’s no secret the Chinese economy is struggling. Still, Pro Farmer senior market analyst Rich Posson said he’s concerned the trade war will continue well into next year.
The U.S. Trade Representative released a statement following three days of meetings in Beijing:
We are expected to learn more this afternoon on what the second round of Market Facilitation Program payments will look like.
“I’ve seen T-L pivots in just about every situation—but seeing one with the White House in the background, well that’s pretty much it, isn’t it,” said Dave Thom, president of T-L Irrigation Co.
President Donald Trump has once again turned to tariffs to try to get his way with a U.S. trading partner.
Agriculture Secretary Sonny Perdue cleared up some of the cloudiness on Friday in an interview with AgriTalk host Chip Flory.
Following the trade aid announcement earlier this week, farmers were left with more questions than answers.
While the program has been expanded to include several crops not included in the 2018 aid, farmers will only be paid on crops planted, which makes already fraught prevent plan insurance decisions all that more difficult.
In a letter sent to Democratic leaders in Congress on Wednesday, President Trump urged lawmakers to approve the U.S. Mexico Canada Agreement before taking up infrastructure legislation.
USDA squashed Bloomberg trade aid rumors Tuesday afternoon.
While some support the President’s trade tactics, others don’t.
The retaliatory tariffs ranging from 10% to 25% on $60 billion worth of American goods will go into effect June 1, unless an agreement is reached before them.
Analysts warn it could be a very long time before this trade tit for tat is in the rearview mirror.
The U.S. and Canada have agreed on a trade deal that would save the North American Free Trade Agreement as a trilateral bloc, according to three people familiar with the matter.
Deere and Company said Friday that the impact of stronger fundamentals for other crops outweighed the impact of the decline in soybeans, which have fallen because of Chinese tariffs.
The U.S. said it will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks.
A rout in commodities deepened as the threat of a trade war between the world’s two biggest economies intensified, hitting markets from steel to soybeans.
President Donald Trump signaled his intention to impose tariffs on $50 billion in Chinese imports and curbs on investments in sensitive technology.
U.S. negotiators have reached the terms of a phase-one trade deal with China that now awaits President Donald Trump’s approval.
It’s no secret the Chinese economy is struggling. Still, Pro Farmer senior market analyst Rich Posson said he’s concerned the trade war will continue well into next year.
China committed to buying 200 million gallons of ethanol during the first half of 2021. If the commitments turn into shipments, it would mark the largest annual purchase for U.S. ethanol ever.
Farmers are concerned the aid packaged announced last week by the Trump Administration will not help them financially.
There will be some lingering trade pain for U.S. agriculture according to the former chief ag negotiator for the U.S. Trade Representative.
The effects are already visible, with declining French barley exports to China and the U.S. struggling to sell corn for the new season.
Biden administration officials are meeting with the United States Maritime Alliance (USMX) to urge good faith negotiations in the ongoing labor dispute with the International Longshoremen’s Association (ILA).
Grain terminal workers at the Port of Vancouver started returning to work on Sept. 28 following a tentative agreement to end a four-day strike that disrupted crop exports during the critical harvest season.