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Tag Archives: tariffs

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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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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EU TARIFFS TAKE EFFECT FRIDAY

The EU will begin charging import duties of 25 percent on a range of U.S. products Friday in response to U.S. tariffs imposed on EU steel and aluminum earlier this month. The move could signal the beginning of a tit-for-tat escalation in trade tensions between the U.S. and the EU, especially if President Donald Trump… read more

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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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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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MORE CORN THAN BEANS?

As ag industry leaders speculate about how much corn versus soybeans farmers will plant this year, the American Soybean Association calls China’s proposed 25 percent soybean tariff “devastating” to U.S. farmers. Some experts think farmers will feel pushed to plant more corn. (Pantagraph)

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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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TPP UPDATE

USDA’s Foreign Agricultural Service has issued commodity-by-commodity fact sheets outlining the reductions in tariffs and increases in import quotas negotiated under the Trans-Pacific Partnership. Check out Illinois’ numbers.

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