Trade
U.S. farm groups urge President Trump to engage China in constructive ways to remove the $50 billion tariff threat.
The White House is calling the KORUS renegotiation a win.
Money spent on U.S. export market promotion are failing short, as other countries are investing more into trade agreements.
The President signed USMCA Wednesday, which completed the ratification process in the U.S. However, even if Canada passes USMCA early next month, experts say it could take months to implement the deal.
2020 is full of unknowns when it comes to the markets, but both market analysts and Washington watchers agree on one thing: the political environment will impact the markets in 2020.
President Donald Trump will address farmers regarding his 2019 tariff aid plan.
As the partial government shutdown enters day six, the majority of USDA isn’t disrupted yet. If the standoff between the White House and Congress persists, it could impact the timing of the tariff aid relief from USDA.
![“I think Peter [Navarro] was misunderstood,” Lighthizer told Flory. “Trust me that the trade deal is on. It's the biggest trade deal anybody's ever done, and it is completely on.”](https://assets.farmjournal.com/dims4/default/6e12f37/2147483647/strip/true/crop/4653x3108+4+0/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F5441BABB-DF77-4B1E-A8A8B958B17092CC.jpg)
As large Chinese purchases of soybeans continue to roll in while rumors of a broken relationship abound, U.S. Trade Representative Robert Lighthizer assured farmers on Wednesday that the deal is still intact.
COVID 19 already disrupted the normal soybean crushing patterns in China where a 2 week drop in crush is normal after the Spring Festival, but this year that dip slowed below 1 million tons for 3 weeks.
President Donald Trump and the Chinese government are both touting agreement on a phase 1 trade deal, but Pro Farmer policy analyst Jim Wiesemeyer says history shows that a deal will only matter once it’s in writing.
The Trump administration and House Democrats are on the verge of announcing a handshake deal on the U.S.-Mexico-Canada free trade agreement.
While all eyes are on the U.S. House impeachment hearings, rumors swirl the United States-Mexico-Canada Agreement (USMCA) could come up for a vote as early as next week.
China has been boosting meat imports to offset losses of pork from a raging fever that’s killing its domestic hogs. This week, the country is signaling it still wants more.
President Donald Trump said the U.S. and China reached a “phase one” agreement Friday to broker a truce in the trade war.
USDA began issuing the second round of Market Facilitation Program (MFP) payments on Aug. 21.
Chuck Conner, president and CEO of the National Council of Farmer Cooperatives, said the U.S.-Mexico-Canada Agreement (USMCA) has support across agriculture and should be an easy decision for Congress to finalize.
With U.S. pork facing trade barriers in some of its largest destinations, building strong demand in Central America and the Dominican Republic has been especially critical for the U.S. pork industry.
Pork export value averaged $50.58 per head slaughtered in April, down 13% from a year ago but the highest in 10 months. For January to April, export value averaged $47.25 per head, down 15% from the same period in 2018.
The Trump administration will lift the 25% tariff on steel and the 10% duty on aluminum imports imposed last year on Canada and Mexico. The 20% retaliatory tariff Mexico has on U.S. pork cost producers $12 per animal.
Agriculture Secretary Sonny Perdue wants China to be a customer of American farm products, even after Washington hiked tariffs on more than $200 billion in Chinese goods.
China announced that it will impose additional tariffs on some American goods in retaliation for the latest increase of U.S. duties on $200 billion of Chinese imports.
President Donald Trump said that the U.S. will boost its purchases of domestic farm products for humanitarian aid in an effort to offset lost demand from China as trade tensions flare between the nations.
As you might expect, markets dove lower on the news, but one analyst says we’re just one more week of delayed planting away from a bullish weather market.
The White House is ramping up pressure to reach a trade deal with China in the next two weeks, warning that the U.S. is prepared to walk away from the negotiations.
Due to export volume already exceeding 130% of the tariff rate quota (TRQ) included in the U.S.-Panama Trade Promotion Agreement, higher tariff rates on U.S. pork were applied April 1 and will remain in effect through the end of this year.
Trips to Washington DC with the National Pork Producers Council (NPPC) and its Pork Leadership Institute (PLI) always offer enlightenment on current issues mixed with a comradery not seen in all industries. This spring’s trip was no exception.
Pork producers are relishing rising pork prices, with lean hog futures skyrocketing since March. Much of that momentum is from China coming back to the market to buy U.S. pork. That’s as products like hams still face major headwinds from tariffs.
![“I think we're more I think we're down the homestretch [on China],” Randy Russell of the Russell Group told AgriTalk host Chip Flory. “I think if I likened it to running a one-mile race, we're in the last lap, and probably very frankly, headed into the final curve.”](https://assets.farmjournal.com/dims4/default/fd2692e/2147483647/strip/true/crop/539x360+51+0/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2F91589F42-CC0A-4808-A99E6ED9EC3074E1.jpg)
One analyst says a deal with China is just a month from completion. Meanwhile, politics are the reason for a new snag on the U.S.-Mexico-Canada Agreement ratification.
China could increase U.S. pork imports to the highest ever this year as part of its commitment to bolster purchases of American farm goods to resolve the trade war between the two countries.
China made its largest purchase of U.S. pork in nearly two years last week, according to USDA data released Thursday. Chinese hog prices continue to climb as the country an outbreak of African swine fever (ASF).