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Tag Archives: China

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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FARM RELIEF?

Leaders close to talks say the Trump administration wants to dissolve opposition to its trade policies with a relief package for farmers affected by the possible U.S. trade war with China. The plan, while not yet pinned down, is expected to be in the billions. (Wall Street Journal)

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TOUGH ACREAGE DECISIONS

The Prospective Planting report and threat of a 25% tariff on U.S. soybean imports to China are affecting corn and soybean prices. They’re escalating questions and concerns by farmers as to their best moves. (FarmDocDaily)

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TRUMP DEFENDS TARIFF DECISION

President Trump is upping the ante in U.S. trade policy shake ups by challenging China’s tariff announcement. The U.S. is warning of an additional $100 billion in tariffs, tripling the original amount. Trump says pain to financial markets now will be worth it in the long run. (New York Times)

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