Trade

India reduces import tariffs on U.S. turkey and duck meat

In the second breakthrough in three months, India said on the sidelines of the G20 summit meeting that it would reduce import duties on frozen U.S. turkey and duck meat. Lower tariffs will give U.S. exports a chance to win sales in the rapidly growing market, said U.S. poultry groups, while calling for India to open its market further.

Ag trade deficit to climb by 45 percent — USDA

After setting a record this year, the agricultural trade deficit will balloon further, to $27.5 billion in fiscal 2024, thanks to the unyielding American appetite for fresh produce, coffee, and wine, say government forecasters. More food and ag imports will flow into the United States at the same time that farm exports shrink, led by a decline in sales to China.

India is playing games with world rice supply, says U.S. industry

The U.S. rice industry sharply criticized India, the world's largest rice exporter, for cutting off three-quarters of its overseas shipments. "This is another example of India playing games with global food security," said Bobby Hanks, a Louisiana rice miller and a USA Rice Federation official on Monday.

U.S. calls for consultations with Mexico over GMO corn ban

The United States asked for technical consultations with Mexico over its agricultural biotechnology policy on Monday, the first formal step toward a challenge under the U.S.-Mexico-Canada free trade agreement. Mexico, the leading customer for U.S. corn exports, said in mid-February that it would ban entry of GMO corn used in making tortillas but accept GMO corn intended for livestock feed and industrial processors.

USDA suggests tighter rules for ‘Product of USA’ label on meat

Closing a loophole, the Agriculture Department proposed on Monday to allow packages to carry the "Made in the USA" or "Product of USA" label only if the meat, poultry and eggs in them were born, raised, slaughtered and processed in the United States. Consumer and activist farm groups applauded the proposal while the meat industry said it may violate trade rules.

U.S. rejects Mexico proposals on GMO corn trade

Mexico has failed to satisfy the "grave concerns" of the United States over a potential ban on imports of U.S.-grown GMO corn said trade officials after negotiations in Mexico City on Monday. "We made it clear today that if this issue is not resolved, we will consider all options, including taking formal steps to enforce our rights under the U.S.-Mexico-Canada Agreement.”

‘Stay tuned,’ says Vilsack as dairy demands retaliatory tariffs

The United States was "greatly disappointed" by Canada's refusal to allow larger imports of U.S. dairy products despite a USMCA trade ruling, said Agriculture Secretary Tom Vilsack on Monday. Vilsack expressed solidarity with U.S. dairy groups that called for retaliatory tariffs on Canadian goods, telling reporters, "Stay tuned."

U.S. suspends trade engagement with Burma in wake of coup

Two months after the military coup in Burma, the Biden administration announced a cutoff of trade engagement with Rangoon “until the return of a democratically elected government.” The U.S. trade representative’s office (USTR) also said on Monday it would consider, as part of congressional …

WTO chooses first woman and African as director general

With a Trump administration objection out of the way, the WTO members selected Ngozi Okonjo-Iweala, a Nigerian, as its director general effective March 1. She will take office at a time of challenge for the organization; the world has lost confidence in mulilateral trade agreements as a path to …

New approach needed following ‘phase one’ failure, says analyst

The Trump administration’s “phase one” trade agreement with China alienated U.S. allies while failing to deliver on its promises of mammoth purchases by Beijing, wrote trade policy expert Chad Bown on Monday in calling for a new approach. “Only a group of countries working together and sharing …

Farmers doubt China will meet phase-one target for ag imports

The “phase one” Sino-U.S. trade agreement called for a doubling or tripling of U.S. ag exports to China, but with four months left in the year more farmers than not are skeptical the sales bonanza will be realized, according to a Purdue University poll released on Tuesday. There is reason for …

China makes its largest ever purchase of U.S. corn

Far behind on its “phase one” commitments with the United States, China bought 1.76 million tonnes of U.S. corn, its largest purchase ever of American corn and also the largest sale of U.S. corn to any buyer in three decades, said the USDA on Tuesday. It was the second major corn purchase by …

Press China to buy more, farm groups say to Trump

The "phase one" trade agreement with China could be the foundation of rural and food-sector prosperity, said 192 farm and agribusiness groups in a letter to President Trump on Tuesday that called for timely implementation of the pact, signed five months ago at the White House.

China pauses on buying U.S. ag exports pause, then sputters ahead

On the same day that Beijing reportedly told state-run trading houses to pause purchases of U.S. farm exports, the companies bought a small amount of U.S. soybeans on Monday, according to unnamed sources. The pause was described as saber rattling and also a sign that the "phase one" trade agreement was in jeopardy as Sino-U.S. relations sour.

China buys more; will it be enough for ‘phase one’?

The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports. Sales of soybeans, cotton, pork, corn, sorghum and wheat are stronger than a year ago but an Iowa think tank …

Maybe we should cut off cattle imports, says Trump

The United States “should look at the possibility of terminating” trade agreements that allow cattle imports into the country, said President Trump on Tuesday — a suggestion that would almost solely affect Canada and Mexico, partners in the USMCA. The National Cattlemen’s Beef Association said …

China trade advisers talk of renegotiating U.S. trade pact – report

Some Chinese trade advisers are arguing that Beijing should invalidate the "phase one" trade agreement that de-escalated the Sino-U.S. trade war as retaliation for a U.S. coronavirus blame campaign, reported a state-controlled Chinese newspaper on Monday. The agreement obliges China, formerly the top customer for U.S. ag exports, to buy roughly $40 billion a year of American food, agricultural and seafood products.

Soybean stocks to surge if Sino-U.S. trade war flares

President Trump says “it’s certainly an option” to impose additional tariffs on China, a step that could end hopes of large U.S. farm exports to the Asian rival. A resumption of trade hostilities could mean larger U.S. soybean carry-over stocks this Sept. 1 and in fall 2021, possibly 500 …

Will total U.S. ag exports rise if China buys more?

Without a doubt, the best outcome from the "phase one" agreement with China "is the possibility of U.S. exports to China returning to pre-trade war levels," says economist Dave Widmar. But it's not clear how larger sales to China would affect overall U.S. ag exports, which are forecast at $139 billion this year and have varied from a low of roughly $130 billion to a record-high $152 billion over the past several years.

 Click for More Articles