Trade
On Saturday, President Trump threatened to impose 30% tariffs on Mexico and the European Union starting on August 1. The announcement came after a string of new tariff threats last week.
Secretary Rollins takes decisive action and shuts down cattle, bison and equine trade due to further northward spread of the devastating pest in Mexico.
The deal, according to President Trump, allows the U.S. “total access” to Vietnam’s markets with a zero tariff on U.S. products exported to Vietnam.
China recently approved 23 U.S. pork plants to export product to the Asian nation, following recent trade talks between Washington and Beijing.
Two studies illuminate food prices for the holiday barbecue season.
Pork export value per head has increased by 24% in the last five years, largely in part to Mexico and growing markets.
According to the latest USDA data released from the U.S. Meat Export Federation, beef exports to China dropped 70% in April and pork exports fell 35%. With trade talks ongoing, there is optimism for the remainder of the year.
Even in the midst of a trade war, Brett Stuart of Global AgriTrends is confident deals will get done and the U.S. will have better access, especially if purchase commitments are part of the agreements.
Uncertain times require focus and prioritization. Here’s a breakdown of the key priorities industry leaders are focused on as they try to create more certainty for producers.
From swine health and technology to marketing and pork as an important protein, four producers dig into the realities and priorities impacting their operation as well as the industry.
A federal court ruled Wednesday that an emergency law does not provide President Trump with unilateral authority to impose tariffs on nearly every country. The interruption was short-lived after a federal appeals court granted the Trump administration’s request to temporarily pause a lower-court ruling.
With $2.6 billion of U.S. pork to Mexico in 2024 and 2025 first quarter growth of 11%, it’s important to keep duty-free access available between the countries.
After suspending live cattle imports from Mexico and a trip to the UK to talk trade, the secretary of agriculture looks ahead to domestic affairs and the anticipated May 22 MAHA report.
NCBA applauds Secretary of Agriculture Brooke Rollins’ aggressive efforts to suspend Mexican cattle, horse and bison imports, saying Mexico’s corruption and mismanagement has caused the pest to spread closer to the U.S.
The deal decreases U.K.’s ethanol tariff from 19% to 0%, creates an opportunity for cattle ranchers to export millions more and opens a $100 million market with free access for rice farmers, says Brooke Rollins, Secretary of Agriculture.
Agriculture is an export dependent business. At peak uncertainty, the industry could go either way: Gain ground with new trade deals or take a big hit as exports further decline.
USMEF submitted comments to address higher shipping fees and possible port reductions that would affect the red meat industry.
Ocean shipping transports about 80% of global trade — from coal and corn to bananas and cement. The revisions tackle major concerns from the global maritime industry that feared virtually every cargo carrier could face steep, stacking fees.
The tit-for-tat on tariffs between the U.S. and China continues, with China announcing on Friday a new rate of 125%, which is up from the 84% announced earlier this week. That pushes the tariff on U.S. pork and pork variety meat to 172%. The new soybean tariff is more than 150%.
As tariff proposals continue to bring uncertainty, the agricultural sector is assessing how any forthcoming country-by-country trade deals might offset the disruption, or if the industry needs to brace itself for a different kind of future.
As the trade war heats up, the reality is China is still the top export destination for U.S. farmers, even if the country isn’t buying as many soybeans as 2018.
After China retaliated with its own tariffs, the U.S. said on Tuesday that 104% duties on imports from China would take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by Trump’s sweeping tariff plan.
February pork exports totaled 241,179 metric tons (mt), down 4% from the large year-ago volume, while value fell 2% to $671.5 million.
China accounted for 14% of total U.S. beef export volume last year and 15% of export value as well as 15% of total U.S. pork export volume and 13% of export value, according to the U.S. Meat Export Federation.
In a Wednesday morning press conference, ahead of Trump announcing his global tariff plan, Sheinbaum says Mexico will “announce a comprehensive program, not a tit for tat on tariffs,” but added, “we have a plan to strengthen the economy under any circumstance.”
The downturn in the ag economy has everyone from farmers and ag lenders to even ag economists concerned. Waning optimism is an overriding theme for the row crop side of agriculture, yet some farmers hope President Donald Trump’s tough stance on trade can get the ag economy back on track longer-term.
A new report from Terrain answered three pressing questions about the evolving global economic dynamics
With tariffs and trade in focus again, a recent AgWeb poll asked farmers if they support President Donald Trump’s use of tariffs as a negotiating strategy.
The majority of respondents in the March Ag Economists’ Monthly Monitor agree the U.S. is currently in a trade war, but who wins? Ag economists say it’s not the U.S., Canada or Mexico but rather Brazil that could come out on top.
Tariff whiplash is consuming the commodity markets — and the possible impact is stirring up quite the debate. At present, President Trump says he’s sticking to his plan to impose additional tariffs on Canada, Mexico and China starting April 2.