U.S. and Chinese negotiators may be within four weeks of resolving the Sino-U.S. trade war, said President Trump on Thursday. Trump said the nations are working on a comprehensive agreement. “And whether it’s our farmers or our technology people, all of them will be really happy.”
On Wednesday, in his latest threat to close the U.S.-Mexico border, President Trump demanded that Congress “immediately eliminate the loopholes at the Border.” The American Farm Bureau Federation asked that agricultural trade be exempted from any restrictions, and the National Farmers Union said a closure would be disastrous.
An agreement between China and the United States to resolve the trade war “is coming along nicely,” said President Trump on Wednesday, although U.S. tariffs could remain in force for some time to assure that China lives up to the terms of the deal.
After calling NAFTA an historic trade blunder, President Trump called on Congress on Tuesday to pass its successor, saying the United States-Mexico-Canada Agreement (USMCA) would expand American agriculture. Wheat growers responded by warning against withdrawing from NAFTA, a tactic Trump has discussed, before the new trade agreement is ratified.
In a speech to the largest U.S. farm group, President Trump asked American farmers on Monday to take his side on the partial government shutdown over a border wall and said that with a secure border, "I'm going to make it easier" for farmworkers to enter the country. "Because we want to take people in to help our farmers, et cetera. Very important," he said.
The Sino-U.S. trade war, which as stymied U.S. farm exports, "is going to be a long one, and we keep delivering the message, 'We're with you, Mr. President,'" said the leader of the largest U.S. farm group on Sunday, adding a caveat. "The runaway of our patience is going to be determined by the financial situation of our farms. We went into the battle very weak." (No paywall)
The farm bill "is in very, very good shape," according to President Trump, who hinted that he will sign the bill into law this week. "So we’ll get the farm bill. Got to take care of the farmers. But it’s just been something very, very exciting," said Trump over the weekend.
Federal meat inspectors would report to work as usual and the SNAP and WIC programs would stay in operation if there is a partial government shutdown at the end of this week, according to a USDA plan developed for the brief shutdown early this year. Offices running the farm program would be closed, which probably would mean that Trump tariff payments would be delayed until the government opened again.
Taking a "show me" stance, White House economic adviser Larry Kudlow said on Monday he expected China to roll back tariffs on U.S. farm exports promptly and begin trade reforms in line with the trade deal struck by President Trump and Chinese President Xi Jinping. The White House said over the weekend that China will make "very substantial" purchases of agricultural, energy and industrial goods but analysts saw no firm commitments in the statement.
Producers of shelled almonds and fresh sweet cherries are eligible for cash payments to offset the impact of trade war on U.S. agriculture, said Agriculture Secretary Sonny Perdue. The announcement on Friday was the first addition to the list of commodities earmarked for an estimated $4.7 …