retaliatory tariffs

New data from Economic Research Service shows retaliatory tariffs reduced U.S. ag exports annually by $13.2 billion. Specifically, the research points to six trading partners, Canada, China, the European Union, India, Mexico, and Turkey, that announced retaliatory tariffs affecting agriculture and food products in 2018 ...

Trade Representative Katherine Tai returned to the U.S. Thursday following a successful trip to Europe. Tai, along with counterparts from the European Union and the United Kingdom, agreed to suspend tariffs caused by disagreements over aircraft ...

This week has the potential to be a big week for American Ag.  The Senate could vote on USMCA, assuming the impeachment trial of President Trump does not get in the way.  And leaders from China are in Washington D.C. to sign the Phase One agreement between the two economies.  Central...

President Trump has announced when he will sign the Phase One trade deal with China.  He tweeted earlier this week that he will sign the deal with China on January 15th, making the agreement between the two largest economies official.  Under the agreement, China will purchase more American Ag products, and the U.S. will l...

The Phase One trade agreement between China and the U.S. has the two nations in “close contact” as they work toward getting the deal finally signed. U.S. Chief Ag Negotiator Gregg Doud said the agreement between the world’s two largest economies will mean big numbers of Chinese agricultural purchases of U.S. ag commodities...

Both China and the U.S. officials confirmed on Friday that they’ve reached a “Phase One” agreement.  Emerging details show the agreement includes some tariff relief, increased agricultural purchases, as well as structural changes to intellectual property and technology issues.  However, a CNBC repo...

The December 15th deadline looms for President Trump to decide whether to impose new tariffs on imports from China. "It really depends on China," said Ag Secretary Sonny Perdue.  "We think their proposal is good, but are they serious, do they really want to put in black and white they're committing to do? lik...

The Wall Street Journal reports that the U.S. and China still can’t agree on the size of future Chinese purchases of U.S. agricultural commodities. President Trump wants China to commit to buying $40 to $50 billion worth of American farm goods per year, which is significantly higher than the $8.6 bil...

In a flurry of meeting with reporters Tuesday in London, President Trump said he has no deadline for finalizing a complete trade deal with China.  China and the U.S. are still working to reach a Phase One agreement, with an unofficial deadline of December 15th, but an overall agreement may extend beyond the 2020 elections.  ...

Both USMCA and a Phase One agreement with China appear to be slowly edging forward.  The Hagstrom Report quotes House Speaker Nancy Pelosi as saying, “We are within range of a substantially improved agreement for America’s workers. Now, we need to...