U.S.-China Trade Tensions Cost Farmers $2 Billion
United States and China tensions and the resulting tariffs cost U.S. farmers $2 billion in lost exports this year
retaliatory tariffs
Carney Says 30-Day Deal Clock Is Ticking
Canadian Prime Minister Mark Carney recently said the clock is ticking on a 30-day schedule for the U.S. to put a trade deal framework in place with Canada, with that deadline set at July 21st. Carney also said his government has a plan in place if that deadline is not met. Ca...
China Says U.S. Violated Trade Truce
A new sign of deteriorating relations between the U.S. and China happened on Monday as China accused the U.S. of violating the trade truce the countries signed last month.
According to an Axios article, China promised to take “resolute and forceful” steps. The agreement ...
China May Negotiate Because Of The Weakness Of Their Economy
Recent reports of some progress in trade negotiations between the U.S. and China may have caught some commodity analysts by surprise. Initial reports showed China thought it was in a position of strength compared to the U.S. Arlan Suderman, chief commodities economist with StoneX, said going into the tariff discussions, China appeared determined to hold out against the U.S.
“Right n...
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New Canadian Ag Minister to Tackle Issues with U.S., China
Canada's new agriculture minister Heath MacDonald said in an interview last week that tackling trade issues with China and the United States are his most pressing priorities. The two-front trade war with the world's largest economies has stressed out farmers in Canada, a major canola, wheat and pork exporter, and impacted spring planting plans.
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U.S. and China Agree to Lower Tariffs
Over the weekend, the U.S. and China agreed to temporarily lower tariffs on each other’s products, which Bloomberg called a dramatic ratcheting down of trade tensions between the two largest economies in the world.
For the next 90 days, the combined 145% levies on most Chinese imports will be dropped to 30%, including the rate tied to fentanyl by Wednesday May 14th. The 125%...
Newhouse: Farmers Need Clarity When It Comes To Trade
Critics have complained that much of the trade talks are taking place in the media, which won’t help the U.S. reach deals with our close trading partners or China. While President Trump doesn’t shy away from making his thoughts known in the public eye, Representative Dan Newhouse is confident work to get the U.S. updated trade deal...
Despite Trade War, Farmer Sentiment Improves
Farmer sentiment improved last month as the Purdue University-CME Group Ag Economy Barometer climbed eight points in April to a reading of 148. The improvement in farmers’ sentiment was bolstered by increases in both the Index of Current Conditions, which rose nine points to 141, and the Index of Future Expectations, which rose eight points to 152. Dr. Michael L...
Vaden’s Nomination Advances To Full Senate
The nomination of Stephen Vaden to be the next USDA Deputy Secretary is advancing to the full Senate this week, amid turbulent times at the department over trade, staffing and budget cuts, and spending freezes. Former USDA General Counsel in the first Trump term and a US Court of International Trade judge, Vaden faced tough questions from Democrats at his recent confirmation hearing. But the Ten
China Releases Propaganda Against U.S. Tariffs
China and the U.S. have officially drawn lines in the sand regarding trade and tariffs. China seems to be digging in for the long term and looking for allies. Arlan Suderman, chief commodities economist a StoneX, watched a video released this week by the Chinese government.
“China's Foreig...