Some ‘plussing up’ needed before White House seeks USMCA vote

U.S. trade representative Robert Lighthizer said he was in discussions with House Democrats about “plussing up” the new NAFTA and shied away on Tuesday from suggesting when the White House will ask for a vote on it. Senate Finance chairman Chuck Grassley told reporters that he hoped …

First the Trump tariff payments and then the trade deals, says president

The government will send billions of dollars in trade war payments to farmers over the next two months or so, said President Trump in Iowa on Tuesday, with the promise of booming business with China, Japan and Mexico in the near future. “Within a year and a half, I would say, you’ll …

Mexico to buy ‘large quantities’ of U.S. ag exports, says Trump

Without providing details, President Trump said on social media over the weekend that Mexico, the largest U.S. food and ag trade partner, would "immediately begin buying large quantities of agricultural product from our great patriot farmers." Purchases were not mentioned in a joint declaration by the North American neighbors to avert temporarily Trump's threat to impose tariffs on all imports from Mexico unless it acted to restrict crossings at the southern U.S. border.

Chaotic spring may lead Trump administration to loosen limits on trade aid

USDA lawyers may have an answer this week on whether Trump tariff payments, intended to mitigate the impact of the trade war, can be given to farmers unable to plant a crop this year, said Agriculture Secretary Sonny Perdue on Monday.

Trump tariffs target top U.S. ag trade partner

Just months after retaliatory tariffs deposed China as the leading customer for U.S. farm exports, President Trump threatened import duties of up to 25 percent on Mexico, the No. 1 food and ag trade partner of the United States. Farm groups fear the trade war will cut deeper into the shrinking global market for U.S. crops and livestock.

Trump announces $16-billion farm bailout, Perdue says more possible

President Trump announced a $16-billion aid package on Thursday to buffer the impact of the trade war on farmers and ranchers this year. Speaking separately to reporters, Agriculture Secretary Sonny Perdue said billions of dollars of additional aid may flow in the future.

Bill would require USDA to buy American with trade bailout funds

A new bill from Connecticut Rep. Rosa DeLauro would require that a subset of tariff bailout funds be allocated to American producers only. The bill comes after reports that tens of millions of dollars in bailout funds have been spent on products from Brazilian meatpacking giant JBS.

USDA looking at $15-$20 billion for new Trump bailout

As it did with the Trump tariff payments on 2018 crops, the administration is likely to send money directly to producers in the upcoming round of aid, which may total $15-$20 billion, said Agriculture Secretary Sonny Perdue on Wednesday. That total would be a larger package than the president himself has suggested.

U.S. vote on the new NAFTA could slip to late 2020, says Grassley

The Sino-U.S.trade war has pushed the new NAFTA, a pact that Canada, Mexico and the United States back with varying degrees of enthusiasm, into the shadows on Capitol Hill. Senate Finance chairman Chuck Grassley said on Tuesday that a vote on the free trade agreement could be delayed for a year …

Don’t look for farm bailout by Congress, warns Peterson

On Thursday, hours before the second-largest U.S. farm group said producers “are in desperate need of a lifeboat to keep them afloat,” the House Agriculture chairman said that fiscal constraints would preclude Congress from a multibillion-dollar bailout for farmers.