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Tag Archives: tariffs

FATE OF #NAFTA HINGES ON #MILK

A dispute over dairy products is threatening a decades-long agreement with Canada and the United States. Canada has a deep-rooted policy of managing its dairy supply with production quotas and high levies, and President Trump has threatened to part ways with Canada if they don’t drop their dairy tariffs of 270 percent. (New York Times)

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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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INDIA AND U.S. CLOSING IN ON TRADE DEAL

After months of battling it out, India and the U.S. began trade talks in June. Both sides are negotiating one another’s concerns with certain tariffs, and the two sides are expected to close the deal in the coming weeks. (Reuters)

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ARGENTINA OFFERS TO LIFT U.S. BEEF BAN

Argentina has offered to lift its ban on U.S. beef as the two countries continue to break through trade barriers. However, Argentina is a major beef producer and exporter, so it is unlikely that they will import much from the U.S. Still, lifting the ban would support the claim that BSE does not pose a… read more

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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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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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