Trump speech to include next steps on China

In his State of the Union speech on Tuesday, President Trump will provide details on further steps in U.S.-China trade relations, says a senior administration official. The nations signed a "phase one" agreement to de-escalate the trade war on Jan. 15 and Trump indicated "phase two" negotiations would begin soon, although no date has been announced.

Ag purchases from U.S. will hinge on Chinese demand, says vice premier

The “phase one” trade agreement with China assures sales of “up to $50 billion in agriculture alone,” said President Trump at a White House signing ceremony on Wednesday, although Chinese Vice Premier Liu He said sales would depend on domestic demand and U.S. prices. A senior administration official said later that the pact did not require China to remove retaliatory tariffs on U.S. farm goods — a potential barrier to exports.

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 …

U.S. and China to ease, but not end, trade war next week

President Trump says he and Chinese officials will sign a "phase one" trade agreement at the White House on Jan. 15 that will de-escalate the Sino-U.S. tariff war that began in earnest in mid-2018. The agreement obligates China to buy up to $50 billion a year in U.S. farm exports, more than four times the sales level forecast for this year, according to U.S. officials, but details have not been released.

Brazil says Trump changed his mind on steel and aluminum tariffs

Three weeks after he slammed Brazil and Argentina for actions "not good for our farmers," President Trump reversed his decision to impose high tariffs on steel and aluminum imported from the South American nations, said Brazilian President Jair Bolsonaro on social media over the weekend. "The relationship between the United States and Brazil has never been Stronger!" tweeted Trump on the same day.

Farmers expect trade deal soon, but Trump says maybe not

In the largest numbers yet, farmers say they expect a trade deal soon with China and by even larger margins, they believe it will benefit them, said a Purdue University poll released on Tuesday, the same day that President Trump said an agreement could be a year away. “In some ways, I like the …

Trump tariff payments may bring WTO woes, says think tank

The United States could tarnish its leadership for fair trade in agriculture because of its multibillion-dollar trade-war payments to farmers, said a report issued by the free market American Enterprise Institute on Tuesday. Author Joe Glauber, former USDA chief economist, said the Market …

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.

Farmers support trade war despite their financial losses

Farmers in three Midwestern states say the China-U.S. trade war is hitting them in the pocketbook but they support President Trump’s policy of piling tariffs on the one-time top customer for U.S. agriculture exports, say Iowa State University researchers. The view on the farm is “short-term …