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Tag Archives: trade

CHINA TURNS TO BRAZIL TO FILL U.S. SOYBEAN VOID

The Chinese are purchasing record numbers of Brazilian soybeans due to the trade dispute with the United States. China is willing to pay higher prices for Brazilian beans, thus impeding purchases of U.S. crops during their peak marketing season. (Reuters)

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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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BRAZIL FARMERS VIE FOR SOY CONTRACT

The trade war between China and the United States has Brazilian farmers vying for a soybean futures contract with top soy importer, China. Creating a contract would be relatively simple and would only require a definition of standards relative to price, quality, and quantity. (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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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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