trade war
As Trump delays tariffs, he says China wants to buy US ag exports
Trade war limits outlet for smaller-than-usual U.S. corn and soy crops
U.S. farmers will harvest their smallest corn and soybean crops since 2013, but the trade war will constrain exports of America’s two major crops for the second year in a row, forecast the USDA on Monday. Soybeans would sell at the lowest average price at the farm gate in 13 years.
Trump ambivalent on trade talks with China next month
The United States might cancel trade talks with China scheduled for early September, said President Trump as he left Washington for the weekend. "We're not ready to make a deal, but we'll see what happens," said the president. "We’ll see whether or not we keep our meeting in September. If we do, that’s fine. If we don’t, that’s fine."
‘USDA’s bank’ keeps trade aid flowing to farmers
The Trump administration can pay billions of dollars in trade aid to farmers and ranchers this year, and in 2020, too, if it wishes, because Congress quietly and reliably replenishes funding for the Commodity Credit Corp., sometimes referred to as the “USDA’s bank.” (No paywall) <strong>(No paywall)</strong>
Trump ready to spend again on farmers, who expect to win trade war
‘A body blow’ to U.S. farmers as trade war deepens
In a steady escalation of the Sino-U.S. trade war, Chinese companies halted purchases of U.S. farm exports on Monday. The largest US farm group said China's actions were "a body blow to thousands of farmers and ranchers who are struggling to get by."
The $2 billion difference in Trump trade aid
The Trump administration has spent notably less than commonly described on its package to mitigate the impact of the trade war on 2018 agricultural production. This year’s version may come closer to the $16 billion maximum trumpeted by the president because of more accommodating payment rules.
Trump cites sluggish ag sales as reason to expand trade war
A day after the White House reported constructive talks with China, President Trump expanded the Sino-U.S. trade war on Thursday, saying China wasn’t buying enough U.S. farm exports and Beijing wasn’t moving fast enough in negotiations.
China says, again, that it will buy more U.S. farm goods
During the second day of trade talks in Shanghai, Chinese officials “confirmed their commitment to increase purchases of U.S. agricultural exports,” said the White House on Wednesday. “The U.S. side agreed to create favorable conditions for it,” said a Chinese editor believed to have contacts in the government.
Trump threatens long-running trade war with China
As U.S.-China talks resume, the biggest U.S. farm group asks for an end of trade war tariffs
The largest U.S. farm group urged trade negotiators “to write the next chapter” in Sino-U.S. relations this week by eliminating trade war tariffs that are depressing ag exports, an important part of farm income. On Monday, the USDA reported an uptick in soybean exports to China, but there was no sign of large “goodwill” purchases on the eve of negotiations in Shanghai.
Sino-U.S. trade war could last until late 2020, says Trump
President Trump was ambivalent about this week's trade talks with China, saying "I don't know if they're going to make a deal," even as China hinted at goodwill purchases of U.S. farm exports. Meanwhile, the White House said China, the second-largest economy in the world, ought to shed its status at the WTO as a developing nation and to play by the same rules as the United States and other industrial nations.
Farmers to get $7 billion in trade aid this summer, with more on tap
The Trump administration will send more than $7 billion in trade war payments to farmers this summer, a total that could soar to more than $14 billion if the Sino-U.S. dispute persists into the winter, said officials on Thursday. For the second year, agriculture is the only sector of the U.S. economy to receive trade mitigation payments.
Farm income will surge 4 percent if China ends soy tariffs, say analysts
If China eliminated its punishing trade war tariffs on U.S. soybeans, net farm income would climb by nearly $3 billion this year and $4 billion in 2020, said three university economists in examining one aspect of the Sino-U.S. trade war. The two countries will resume trade talks next week in Shanghai.
First round of Trump tariff payments could top $4 billion
Money begins to flow on second year of Trump bailout of U.S. agriculture
Two months after President Trump announced a $16-billion package to buffer the impact of the Sino-U.S. trade war on farmers and ranchers this year, the first driblet of the money is flowing — $100 million for market development. The awarding of the funds, announced by the USDA over the weekend, suggests the rest of the program could swing into operation in the days ahead.
Buy our farm exports, Trump tells China
On Thursday, for the second time this week, the White House called on China to buy U.S. farm exports. After meeting with President Xi Jinping nearly two weeks ago, President Trump said China would begin “almost immediately” to buy large amounts of U.S. food and ag exports. So far, those purchases have not materialized.