Importers and exporters around the world are uneasily analyzing what a 10 per cent tariff, or other border measures likely in a second Donald Trump U.S. presidential term, could mean for trade.
Trump’s trade threats a global concern
Vietnam considers CPTPP-level tariff cuts on U.S. ag products
Hanoi | Reuters — Vietnam is considering cutting tariffs on several U.S. products, the ministry of finance said in a statement on Monday, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork and […] Read more
Oil vs Corn: U.S. lawmakers set hearing on fractious biofuels policy
The U.S. oil and corn industries will continue a long-running public battle over America’s biofuels policy on Tuesday during a Congressional hearing about the Trump administration’s use of “secret waivers” for refineries. The hearing set by the Energy and Commerce Committee will air out the grievances of two key political constituencies heading into next year’s […] Read more
Trump threatens new tariffs as U.S.-China trade tensions spike again
Washington | Reuters – U.S. President Donald Trump on Thursday moved to impose a 10 percent tariff on a remaining $300 billion list of Chinese imports starting Sept. 1, after U.S. and Chinese negotiators failed to kickstart trade talks between the world’s two largest economies. The levies – which would hit a wide swath of […] Read more
U.S. ethanol industry nearing breaking point: Green Plains CEO
New York | Reuters – The U.S. ethanol industry is about to break under the weight of the Trump Administration’s trade war with China and the surge in the number of small refineries exempted from the nation’s biofuel laws, said Todd Becker, CEO of Green Plains. The U.S. ethanol industry was preparing for growth in […] Read more
U.S. government to pay $15 minimum per acre to farmers hurt by China trade war
Washington | Reuters – The U.S. government will pay farmers hurt by President Donald Trump’s trade war with China a minimum of $15 per acre under an aid package to be unveiled before the end of this week, Secretary Sonny Perdue said on Tuesday. “We’ll have information for you before the week ends,” he told […] Read more
Alberta UCP’s trade critic named ag minister
Alberta’s new premier has tapped a not-quite-rookie MLA with experience in farming, farm policy and U.S. politics as his new minister of agriculture and forestry. Jason Kenney, sworn in Tuesday as premier, named Devin Dreeshen, the MLA for Innisfail-Sylvan Lake since last July, to handle the ag and forestry file. Dreeshen came to the UCP’s […] Read more
Crop missions a whole new ball game under Trump
New opportunities in China and Japan a result of U.S. president’s actions
Reading Time: 4 minutes ‘Thank you, Donald Trump.’ Members of the recent New Crop Mission to Asia didn’t say those exact words. But the fallout from the belligerent U.S. president’s trade war with China is definitely one of the pluses that members of the mission encountered. “The big difference this year is the trade environment,” Cereals Canada president Cam […] Read more
Stalled farm bill could move fast after Democrat House win
Washington | Reuters – Congress may swiftly resolve a drawn-out impasse on the U.S. Farm Bill now that Democrats are poised to retake control of the legislative body, the top Democrat on the House Agriculture Committee said on Wednesday. Collin Peterson, ranking member and presumptive new chair of committee, said passing the crucial agricultural legislation was going […] Read more
Trump’s trade war looms over divided U.S. farm belt ahead of vote
Reuters – Chuck Wirtz voted for Donald Trump in the 2016 election, inspired by the then-political outsider, but the veteran Iowa hog farmer now has buyer’s remorse as the U.S. Republican president’s trade policy exacts a heavy toll on his business. Wirtz, 56, estimates the tariffs resulting from the U.S. trade war with China and […] Read more
Cyber-Savvy Farmer
