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Tag Archives: China

CHINA TURNS TO BRAZIL TO FILL U.S. SOYBEAN VOID

The Chinese are purchasing record numbers of Brazilian soybeans due to the trade dispute with the United States. China is willing to pay higher prices for Brazilian beans, thus impeding purchases of U.S. crops during their peak marketing season. (Reuters)

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SOYBEAN SNUB

China has not only stopped buying soybeans from the United States, it’s also provided evidence that it will avoid doing business for as long as possible. Doug Wehrling, vice president of trade for Bower Trading, said signs indicate Chinese demand for soybeans remains high – but buyers aren’t getting them from the United States. “They’re… read more

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BRAZIL FARMERS VIE FOR SOY CONTRACT

The trade war between China and the United States has Brazilian farmers vying for a soybean futures contract with top soy importer, China. Creating a contract would be relatively simple and would only require a definition of standards relative to price, quality, and quantity. (Reuters)

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CAN’T PAY THE BILLS WITH PATRIOTISM

USDA Secretary Sonny Perdue this week admitted farmers have been the hardest hit by his boss’ trade policies but placed the blame for the “trade disruptions we’re experiencing” on China and its non-tariff barriers. “Farmers love their lifestyle, but they’re businesspeople,” Perdue said. “They have to make a profit. They’re some of the best patriots… read more

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SPARE PARTS

When you harvest a pig the only thing left is the squeal. But as trade tensions with China ramp up, hog farmers and processors are finding much more than the squeal is leftover. Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs’ feet and heads they shipped overseas to… read more

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CHINA FILES WTO CHALLENGE

China Monday filed a WTO challenge to President Donald Trump’s latest tariff threat, stepping up its diplomatic efforts to counter U.S. trade and technology pressure. The move comes less than a week after USTR Robert Lighthizer proposed 10 percent tariffs on $200 billion of Chinese goods. (Peoria Journal-Star)

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TRUMP BACKTRACKS ON CURBS TO CHINESE INVESTMENTS

 The Trump administration today said it would use existing laws to limit Chinese investments in the U.S. instead executive action. The White House has received backlash from U.S. businesses and members of Congress who said executive action would lead to disastrous economic fallout. Meanwhile, global stocks ticked up on the news that the U.S. was… read more

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NAVARRO: #CHINA HAS MORE TO LOSE

Top Trump adviser Peter Navarro Tuesday insisted that China had more to lose than the U.S. in the event of a full-fledged trade war. “President Trump has given China every chance to change its aggressive behavior,” Navarro said. “China does have much more to lose than we do.” Markets Tuesday dropped on the news that… read more

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TRADE DEAL ‘TOO HARD TO GET DONE’

President Donald Trump Wednesday tweeted that the U.S. and China trade talks are “too hard to get done” and that any possible deal needed “a different structure.” Trump cited the inability to verify results of a trade deal in his tweet but didn’t go into further detail. (Reuters)

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TRADE UPDATE

IFB President Richard Guebert Jr. thanked members for the “strong response” to the recent action request related to trade and tariffs during an update to county leaders Tuesday. Guebert said the effort sent a strong message to President Donald Trump and Congress on the importance of trade for farmers. (FarmWeekNow.com)

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