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Tag Archives: trade

#CHINA OK’s IMPORTS OF TWO #GMO PRODUCTS

China approved imports of two new varieties of GMO crops, clearing the way for U.S. ag companies to market new biotech seeds to farmers. The decision affects GE corn and soybean varieties developed by Dow Chemical and Monsanto, and comes after China agreed to speed reviews of biotech applications as a part of the trade… read more

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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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#FARMERS JITTERY ON #NAFTA REWRITE

Following news last week that Congress was notified of President Donald Trump’s plan to rework NAFTA, farmers across the Midwest were bracing themselves for potential pitfalls of rewriting a deal which has so heavily benefitted agriculture. “The trade agreements that we’ve had have been very beneficial,” said Stephen Censky, CEO, American Soybean Association. “We need… read more

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TRUMP SENDS #NAFTA LETTER

U.S. Trade Representative Robert Lighthizer, on behalf of President Donald Trump, this morning sent a letter to both chambers of Congress saying the U.S. is ready to rework NAFTA. The letter triggers a 90-day window to discuss the negotiating position of the U.S. Talks on the 23-year-old trade deal can begin only after the 90-day… read more

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PERDUE: RURAL U.S. NEEDS #TRADE

During a hearing before the House Ag Committee, USDA Secretary Sonny Perdue Wednesday said the U.S. farming community is in “dire straits,” but could be helped by stronger trade. Perdue also said there are “some challenges ahead” due to budget cuts proposed by President Donald Trump. “Our budget situation is challenging,” Perdue said. “We’ve got… read more

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AMERICANS AND FTAs

Americans’ support for free trade agreements, which fell sharply during the 2016 presidential campaign, has rebounded,  according to the Pew Research Center. About 52% of Americans say free trade agreements are a good thing for the U.S.; 40% view FTAs as a bad thing. During the presidential campaign’s final weeks, just 45% of Americans had… read more

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CHANGES TO #NAFTA WORSE FOR U.S.

U.S. farmers and consumers have more to lose than Mexican farmers and business if President Donald Trump ditches NAFTA. Fruit growers who expanded into Mexico after NAFTA likely will not come back to the U.S. because of growing season and worker limitations, upping the cost of fresh fruit exported to the U.S. American farmers also… read more

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BUSINESSES PUSH TO SAVE TPP

Business and ag groups are lobbying the Trump transition officials to save the TPP, despite President-elect Trump’s plans to scrap the deal. The groups are arguing that the Trump administration should review, renegotiate and rename the deal, turning it into a Trump initiative to boost U.S. exports. Supporters say the deal will increase jobs and… read more

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FARMERS EYEING TRUMP’S AG, TRADE POLICIES

Illinois farmers are watching President Donald Trump to see how his decisions will affect ag in the state. While ag groups were happy to see Trump nominate Sonny Perdue as Secretary of the USDA, there is still concern about his policies on trade and the 2018 Farm Bill. “We are still waiting on what his… read more

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TRUMP WITHDRAWS FROM #TPP

President Donald Trump Monday signed an order to withdraw the U.S. from the TPP, a 12-nation trade agreement backed by business and ag groups. The action could point to changes for NAFTA in the coming months, as Trump promised during the campaign to reopen the 22-year-old trade agreement between the U.S., Mexico and Canada. (Chicago… read more

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