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Tag Archives: China

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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FARMERS: ‘LET’S HOPE THIS IS A WAR OF WORDS’

Concern, fear, and uncertainty describe the feelings of many midwestern farmers attempting to predict their own futures facing potentially costly tariffs as China’s response to a trade war sparked by President Trump. (Crain’s Chicago Business)

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CHINA RETALIATION

#China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum. The tariffs include penalties of 25 percent on pork. (New York Times)

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#PORK WORRIES

#Illinois pork producers are concerned about a proposed 25 percent Chinese tariff on American pork imports. It would be bad news for Illinois, which is the fourth-largest pork producing U.S. state and China’s second largest pig market. (Illinois News Network)

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#CHINA DEAL GOOD FOR #BEEF EXPORTS; VOLATILITY REMAINS

The U.S. and China finalized protocol to allow American beef into China for the first time since 2003. Shipments will resume by July 16 at the latest. Meanwhile, beef supplies are short in advance of Independence Day, and production margins have swung to profitable levels. But extreme volatility in the cattle market still concerns the… read more

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#CANADA’S NO. 1

Canada has overtaken the U.S. as the top North American supplier of pork to China as farmers and meat packers in both nations battle for shares of the global market. Rising affluence is driving China’s voracious appetite for pork, including less desirable parts of the pig like feet, elbows and innards. At the same time,… read more

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OIL PRICES FALL TO LOWEST LEVEL SINCE 2004

Concerns about slowing economic growth, especially in China, are helping to drive the sharp drop in crude prices. The U.S. benchmark crude-oil contract tumbled 70 cents to $33.27 a barrel on the New York Mercantile Exchange.

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