Trump visits derecho-hit Iowa, talks about China

President Trump spoke of large corn exports booked for delivery to China while assuring Iowans of “the full support of the federal government” in recovering from a derecho in a Tuesday visit. Iowa Gov. Kim Reynolds said agriculture — flattened crops and wind-blasted farmsteads — accounts for …

Grassley says he will blow the whistle if Chinese backslide on trade deal

As soon as President Trump and Chinese vice premier Liu He sign a “phase one” agreement to de-escalate the China-U.S. trade war today, Senate Finance chairman Chuck Grassley will be on watch for Chinese compliance with provisions such as large purchases of U.S. farm goods. “If they aren’t, they …

Grassley has good words for ‘Tariff Man’

Two years ago, President Trump declared on social media that he was “a Tariff Man” and that import duties “will always be the best way to max out our economic power,” a sentiment that was widely disputed. Senate Finance Committee chairman Chuck Grassley said on Tuesday that Trump was right when …

Consensus elusive for Senate reform of ‘national security’ tariffs

Senate Finance chairman Chuck Grassley conceded one point this week: Steel and aluminum will be excluded from any reform of presidential power to impose tariffs based on national security interests. Even so, there is no agreement among senators on how Congress should reassert its authority over international trade.

Midwestern Senators ask, ‘Where’s our ethanol deal?’

Roughly ten days ago, Midwestern senators left a meeting with President Trump believing they had an agreement to solidify corn ethanol’s share of the gasoline market. Yet Iowa Sen. Chuck Grassley said on Tuesday he had no idea why the administration has not announced the plan, arguing “it ought …

September is for USMCA deal-making, says Grassley

Congress “ought to take action early this fall” on the United States-Mexico-Canada Agreement (USMCA) so the trade pact can take effect before the end of the year, said Senate Finance chairman Chuck Grassley on Tuesday. Grassley told reporters that U.S. trade representative Robert Lighthizer …

Largest ethanol maker closes Indiana plant, blames EPA waivers

At the same time that POET, the largest U.S. ethanol maker, said it was forced to shut down an Indiana plant due to EPA “mismanagement” of the ethanol mandate, the chairman of the Senate Finance Committee said that “farmers feel the government isn’t keeping its word” on biofuels.

Senators mull limits on ‘national security’ tariffs

Senate Finance Committee chairman Chuck Grassley has lots of company in considering limits on the president’s power to impose tariffs on national security grounds. In the coming weeks, Grassley expects to introduce a bipartisan bill to reform these so-called Section 232 tariffs.

Subsidy reform gets short shrift in farm bill

Iowa Sen. Chuck Grassley feigned shock on Thursday that House and Senate negotiators did not want his farm subsidy reform in the final version of the five-year farm bill. “Surprise, surprise, surprise,” he said scornfully.