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Tag Archives: trade

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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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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#TARIFFS FOR U.S. FARMERS PILE ON

U.S. farmers already losing sales to #China and facing tariffs from #Mexico may have more duties to worry about in the coming months. Canada and the EU are considering tariffs on imports of U.S. food and farm goods in response to the U.S. placing tariffs on steel and aluminum imports. Experts say China also may… read more

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BILATERAL DEALS OR #NAFTA?

White House economic adviser Larry Kudlow Tuesday said President Donald Trump is seriously considering separate trade deals with Canada and Mexico but isn’t planning on withdrawing from NAFTA. “The president’s not going to leave NAFTA,” Kudlow said. “He’s just going to try a different approach. I can’t offer timing here, but judging from what he… read more

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HOPE FOR #NAFTA?

Mexican Economy Minister Ildefonso Guajardo Friday said he saw a 40 percent chance of wrapping up NAFTA negotiations before July 1. He marked the odds at 40 percent that negotiations would wrap up after July 1 and before mid-term elections in the U.S. as well. Canada, Mexico and the U.S. had hoped to conclude talks… 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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