trade war
How much U.S. aid for soybean growers?
The Trump administration could pay substantial amounts to soybean growers under its $12-billion plan to shield U.S. agriculture from harm in the tariff war with China, said the head of a University of Missouri think tank on Thursday.
Disruption in U.S. cotton and soy exports loom due to trade war
One of the world's largest grain companies warned of a "skinny export season" for U.S. soybeans and an intergovernmental body said the United States might need to seek new markets for its cotton due to President Trump's trade war with China. Meanwhile, the Trump administration threatened on Wednesday to put 25-percent tariffs on $200 billion worth of Chinese imports as leverage for reform.
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.
Perdue estimates $7 billion to $8 billion in cash payments to producers
Two-thirds of the Trump tariff bailout of U.S. agriculture will be paid in cash to crop and livestock producers, said Agriculture Secretary Sonny Perdue over the weekend. Some $200 million of the aid will be spent on developing new export customers, Perdue told Reuters, and the rest would be used to purchase food for donation, to indirectly help other producers.
‘Farmers are smart,’ won’t need more aid, says Perdue
U.S. farmers and ranchers were blindsided by the Trump trade war, but they will adapt quickly to lower commodity prices and disruptions in the export market, said Agriculture Secretary Sonny Perdue on Wednesday. “Farmers are smart,” he said, swatting down the idea that the White House will write another agriculture aid package after earmarking up to $12 billion for this year.
End the trade war, farmers ask as Trump offers bailout
The Trump administration said on Tuesday that it will spend up to $12 billion on a one-time aid package to offset the impact of the tit-for-tat tariff war on the farm sector. Agriculture Secretary Sonny Perdue described the move as a “short-term solution” that would give the president time to rebalance trade rules worldwide. Farm groups said they would prefer to see an end to the trade war.
U.S. risks being left behind in ag trade race, says Roberts
Agricultural trade is a tool for growth, not a weapon of diplomacy, said Senate Agriculture chairman Pat Roberts in warning that U.S. tariffs against trade partners are endangering America’s reputation as a reliable source of food.
‘It’s really up to China,’ says Perdue in assessing course of trade war
The USDA began preparing for a trade war with China last fall, before President Trump confronted Beijing over unfair practices or imposed tariffs on Chinese imports, said Agriculture Secretary Sonny Perdue on Tuesday. Perdue said he would prefer a speedy settlement of the tit-for-tat battle of tariffs, but, "It's really up to China."
In trade war volley, U.S. asks WTO to overrule tit-for-tat tariffs
On Monday, the United States asked the World Trade Organization to swat down retaliatory duties levied by China, the European Union, Canada, Mexico, and Turkey on U.S. exports as a violation of WTO rules. The move is the latest in the tit-for-tat trade war that began in April.
As commodity prices fall, Trump says ag exports will be ‘better than ever before’
Senators signaled their strong dissatisfaction with President Trump’s policy of trade warfare on Wednesday, while Trump said, falsely, that “farmers have done poorly for 15 years,” and pledged to remove trade barriers so that U.S. exports flow “better than ever before.”
Both China and U.S. will feel the pain of a soybean trade war
U.S. soybean exports will be down a quarter-billion bushels in the coming year due to steep Chinese tariffs on the oilseed, estimated the USDA on Thursday. In a boomerang effect of the U.S.-China trade war, Brazil would indisputably replace the United States as the world’s largest soybean grower as China scouts, without full success, for alternative soy suppliers.
Loyalty leavens Farm Belt concern over ag tariffs, say senators
President Trump enjoys an unusual amount of tolerance from the farmers and ranchers who are the targets of retaliatory tariffs by U.S. trading partners, said Republican senators on Tuesday. "They're clearly concerned, as I am," said Missouri Sen. Roy Blunt. "It's hard to win a trade war."
Trade war hits U.S. beef, dairy, and pork producers
In a video posted Monday on social media, the U.S. cattle industry predicted it would be shut out of the Chinese market and lose an estimated $70 million in beef sales this year due to retaliatory tariffs. Groups representing pork and dairy producers expressed similar concerns.
Brazil to match U.S. as world’s top soybean grower
After a decade of robust growth, world production of soybeans will grow at a much slower rate of 1.5 percent annually in the years ahead, says two UN agencies in their annual Agricultural Outlook. Brazil, the longtime No. 2 to the United States in soybeans, will reach parity with America, said the report by the Organization for Economic Cooperation and Development and the Food and Agriculture Organization.
Farm sector frets as tariffs hit export customers
Farm country is worrying and waiting for the next shoe to drop in Trump administration trade disputes with leading ag export markets, including China, Canada, Mexico, and the European Union. A Purdue University poll of producers found a “tremendous amount of uncertainty about future conditions.”
In rarity, soy tops corn in U.S. plantings
U.S. farmers planted nearly 2 million more acres of corn and soybeans than they planned in late winter, but soybeans, for the first time in 35 years, will be the most widely grown crop in the country, said the USDA's annual Acreage report. The soybean harvest could be the second-largest ever and corn the third-largest, assuming normal weather and yields.
Farm groups see added risk, and no escape, as U.S.-China dispute escalates
Commodity prices are falling in the wake of President Trump’s threat of round after round of tariffs on China, and on Tuesday, groups representing wheat and soybean growers warned that the White House is making trouble for U.S. agriculture with its aggressive tactics.
Put out the fire, farm groups say as trade turmoil flares
One-third of U.S. agricultural trade flows through Canada and Mexico, and both nations quickly vowed tit-for-tat tariffs on U.S. food and ag products after President Trump announced duties on steel and aluminum from the North American neighbors on Thursday.