Tag: trade

JAPAN TRADE DEAL COMING SOON, GRASSLEY SAYS

Negotiations between the U.S. and Japan are taking place under the radar and should produce an agreement over the next two months, Senate Finance Chairman Chuck Grassley said Tuesday. Grassley and others have said they expect the two countries to first produce a deal in which Japan would lower tariffs on U.S. farm goods that … Read More

PENCE: USMCA COULD BE ‘TEMPLATE’ FOR FUTURE TRADE DEALS

Vice President Mike Pence said Monday that the trade agreement the Trump administration has forged with Mexico and Canada could be the “template for all our future trade deals” with the European Union, Japan and China. Speaking midday in Detroit, Pence sought to promote the United States-Mexico-Canada Agreement President Donald Trump has forged with the … Read More

JAPAN TRADE AGREEMENT IS DAIRY INDUSTRY PRIORITY

In an effort organized by the National Milk Producers Federation and the U.S. Dairy Export Council, 70 dairy companies, farmer-owned cooperatives and associations sent a letter Monday to the U.S. Trade Representative ambassador and the U.S. secretary of agriculture asking the U.S. government to capitalize on the conclusion of Japan’s national elections and quickly finalize … Read More

US-CHINA TALKS RESUME OVER PHONE

Top U.S. and Chinese trade officials met over the phone Tuesday to negotiate, said President Donald Trump, who stressed the talks were “productive” and offered optimism that a conclusion could come soon. The Chinese officials took the opportunity to complain about Trump’s announcement two weeks ago to hit another $300 billion worth of Chinese goods … Read More

TRUMP PROMISES MORE AID FOR FARMERS IN 2020 ‘IF NECESSARY’

President Trump promised farmers that China’s increasing aggression against U.S. agriculture in the trade war “will not be able to hurt them” – and vowed that “if necessary” he will give them more aid in 2020. Keeping farmers on his side is a crucial political goal for Trump, who is up for reelection next year … Read More

PERDUE: US FARMERS WILL REGAIN MARKETS LOST IN TRADE WAR

U.S. Ag Secretary Sonny Perdue told nervous Midwestern farmers on Wednesday that he’s confident that they’ll eventually regain the markets they’ve lost in the Trump administration’s trade war with China. Perdue appeared at Farmfest, an annual Minnesota trade show, during a listening session with farmers. “The markets are fungible. China is going to buy from … Read More

US RESTAURANT CHAINS LOOK TO CHINA FOR SALES GROWTH

Amid the ongoing trade war, large restaurant chains in the U.S. are ramping up development in China. Fast-food chains tend to benefit from economic downturns because consumers look for cheaper options. However, as multinational restaurant companies typically source some of food from their home markets and some from local markets, restaurant chains could feel a … Read More

WHITE HOUSE EXPLORES NEW FARMER BAILOUT PLAN

Farmers, lawmakers business execs and global investors alike looked to President Trump for clues on how long the trade showdown with China could last. Trump suggested Monday that the standoff could last years. Tuesday, Trump offered conflicting forecasts, musing that a deal could come in the next month but also predicting a furious economic battle … Read More