Economic recovery depends on ‘the path of the virus’ — Fed official

The U.S. recovery from the pandemic will depend in part on success in managing the coronavirus through steps such as therapeutics and a vaccine, the president of the Kansas City Federal Reserve Bank told an agribusiness conference on Monday. Also at the meeting, two Trump administration …

U.S. and EU resolve lobster tensions

The EU will remove tariffs on imports of live lobsters and frozen lobster products from the United States under an agreement that calls for lower U.S. tariffs on a variety of European goods, including prepared meals. "These tariff reductions are the first U.S.-EU negotiated reductions in duties in more than two decades," said a joint statement by EU and U.S. trade officials.

EU dabbles in agricultural protectionism, says Perdue

European barriers to some U.S. food and ag exports — derided as "hormone beef," "chlorine chicken," and GMO "Frankenfoods" — smack of protectionism and could color already acrimonious U.S.-EU trade relations, said Agriculture Secretary Sonny Perdue during a trans-Atlantic discussion on Wednesday.

Trump offers aid to lobster industry and a tariff threat to China

President Trump told the USDA on Wednesday to provide trade war relief to U.S. lobster fishermen and producers and threatened retaliatory tariffs on seafood from China if Beijing fails to buy massive amounts of U.S. food, agricultural, and seafood products this year.

Despite coronavirus worries, Europe’s food system is stable

The coronavirus has upended most aspects of life in Europe, but after a spate of hoarding early in the pandemic, shopping has returned to normal as food producers and retailers work to keep supply chains flowing and shelves stocked. This could be instructive to the United States, which is behind Europe in the progression of the disease.(No paywall)

U.S. to see larger beef exports to Europe, while China threatens trade action

U.S. exports of hormone-free beef to Europe would triple under an agreement signed by President Trump and hailed by EU officials as a sign of tangible results for the strongest trade relationship in the world. Meanwhile, China said it “will have to take necessary counter-measures” if the United States expands the trade war on Sept. 1, as Trump says he plans to do.

Harvesting American forests for the EU’s ‘green’ electricity plants

Wood-processing plants around the South are turning trees into pellets and then exporting them to be burned in electricity plants in the EU. It's part of the EU's initiative to generate "green" electricity, but scientists question whether burning trees is really carbon neutral, according to FERN's latest story with The Weather Channel.(No paywall)

Trump tariff bailout may be sunlight ahead of storm clouds over farm sector

Crop and livestock producers are likely to learn on Monday how the Trump administration will allocate up to $12 billion in aid to offset the impact of retaliatory Chinese tariffs on the U.S. farm sector, said Agriculture Secretary Sonny Perdue.

Perdue on the EU: ‘They need to step up and buy’

The United States expects Europe to follow through on a promise to buy more U.S. soybeans, said Agriculture Secretary Sonny Perdue on Monday. At the same time, he said that America will not respect EU claims to the exclusive use of such food names as Parma ham or Roquefort cheese.