Washington | Reuters – Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products, but in return, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports, people briefed on the talks told Reuters. Robert Lighthizer, the United States Trade Representative, U.S. […] Read more
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China to request U.S. remove tariffs in exchange for ag buys
Trump’s hailing of Chinese farm purchases seen as ‘meaningless’
Beijing | Reuters — China is still a long way from forking out US$50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles. Outlining the first phase of a deal to end a trade war with China, […] Read more
China to exempt U.S. pork, soybeans from additional tariffs
Shanghai | Reuters — China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China’s official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war. The United States and China have both […] Read more
Global wheat production to decrease, USDA says
MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s […] Read more
China strikes back at U.S. with new tariffs on soybeans, beef, pork, more
Beijing | Reuters — China said Friday it will impose retaliatory tariffs against about US$75 billion worth of U.S. goods, putting as much as an extra 10 per cent on top of existing rates in the dispute between the world’s top two economies. The latest salvo from China comes after the United States unveiled tariffs […] Read more
U.S., Canada, 14 others slam EU farm product regulation at WTO
Geneva | Reuters — The United States and 15 other countries launched a broadside of criticism at the European Union on Thursday, saying its “hazard-based” approach to regulating pesticides and other “critical tools” used by farmers was damaging livelihoods worldwide. Their statement, submitted to the World Trade Organization, said the EU’s approach created great uncertainty […] Read more
Politics often at heart of China trade retaliations
Researchers say the ultimate goal of retaliatory tariffs is to inflict economic loss on influential interest groups
China hasn’t just manipulated its regulatory system to block Canadian agriculture imports. Its use of phytosanitary standards to hurt foreign suppliers has been used against small countries similar to Canada and also against the United States. Why it matters: China is less restrained when using trade retaliation against smaller countries. “China refused bananas from the […] Read more
U.S. disaster aid won’t cover crops drowned by Midwest floods
There is no mechanism to compensate farmers for grain damaged in storage
Reuters – The Black Hawk military helicopter flew over Iowa, giving a senior U.S. agriculture official and U.S. senator an eyeful of the flood damage below, where yellow corn from ruptured metal silos spilled out into the muddy water. And there’s nothing the U.S. government can do about the millions of bushels of damaged crops […] Read more
U.S. to seek comprehensive ag access in EU trade talks
Washington | Reuters — The United States on Friday signaled it would not bow to the European Union’s request to keep agriculture out of this year’s planned U.S.-EU trade talks, publishing negotiating objectives that seek comprehensive EU access for American farm products. The objectives, required by Congress under the “fast-track” trade negotiating authority law, seek […] Read more
EU trade chief says U.S. talks won’t include agriculture
Washington | Reuters — The European Union and United States have not yet agreed on the scope of trade negotiations, but the bloc will not include agriculture in the talks, its trade commissioner said on Wednesday. U.S. President Donald Trump has sought better terms of trade with the EU, as well as China, Japan, Canada […] Read more
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