Buenos Aires | Reuters — The United States and China are still in the early stages of their trade war and tensions that arise from it should be considered the “new normal,” a U.S. Department of Agriculture official said on Wednesday. Washington has tried to hold China accountable for its trade practices and not sought […] Read more
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U.S. agriculture official calls trade tensions with China ‘new normal’
U.S., Japan sign limited trade deal
New York | Reuters — U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe signed a limited trade deal on Wednesday that cuts tariffs on U.S. farm goods, Japanese machine tools and other products while further staving off the threat of higher U.S. car duties. Trump said the deal would open up Japanese markets […] Read more
Trump says impeachment inquiry could derail North America trade deal
Washington/Mexico City | Reuters — U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico’s peso and stock market as investors fled riskier assets. While U.S. Trade Representative Robert Lighthizer said he was confident the U.S-Mexico-Canada trade agreement would […] Read more
Trump questions request for Chinese delay on farm trip
United Nations | Reuters — U.S. President Donald Trump on Monday questioned a decision by his top trade negotiators to ask Chinese officials to delay a planned trip to U.S. farming regions after trade talks last week, saying he wanted China to buy more U.S. farm products. U.S. Treasury Secretary Steven Mnuchin told reporters at […] Read more
U.S. grains: Soybeans down on China trade pessimism
Chicago | Reuters — U.S. soybean futures fell more than one per cent on Friday to the lowest in a week on rising doubts about a breakthrough in U.S.-China trade talks and forecasts for favourable crop weather across the U.S. Midwest. Corn and wheat also declined, following soybeans, although both grains closed with modest weekly […] Read more
Hopes for trade breakthrough fade as China cancels U.S. farm visits
Chicago | Reuters — A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska amid two days of ongoing talks in Washington. Chinese officials were expected to visit U.S. farmers next week as a goodwill gesture, but canceled to return to China sooner than […] Read more
Trump backs plan boosting biofuel quotas 10 per cent in 2020
New York | Reuters — U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said. The plan is intended to […] Read more
Trump trade-war aid sows frustration in farm country
Rochester, Minnesota | Reuters — The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither […] Read more
Trump promises ethanol-related ‘giant package’ to please farmers
Washington/South Sioux City | Reuters — President Donald Trump said on Thursday his administration is planning a “giant package” related to ethanol that would please U.S. farmers angry that many more oil refiners have been freed from obligations to use the corn-based fuel. Clashes between farmers and the oil industry over biofuel policy have posed […] Read more
U.S. grains: Soybean futures rise as trade tensions ease
Chicago | Reuters — U.S. soybean futures rose on Monday as President Donald Trump predicted a trade deal with China, cooling fears about escalating tensions with the top importer of the oilseed. Traders grew hopeful that the world’s two largest economies could move toward an agreement to end their trade war as Trump said he […] Read more
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