trade war

WCIT: Tensions With China Impacting Washington Trade
WCIT: Tensions With China Impacting Washington Trade
WCIT: Tensions With China Impacting Washington Trade
A variety of political and economic factors, including the increased reliance on tariffs and ongoing tensions with China, have negatively impacted the growth of international trade in Washington over the past couple of years.  A new report released Tuesday by the Washington Council on International Trade, details the affect these factors have had on the state’s economy.  The repo...
Fortenbery: What China Thinks About Russia Will Have A Big Impact On Trade Moving Forward
Fortenbery: What China Thinks About Russia Will Have A Big Impact On Trade Moving Forward
Fortenbery: What China Thinks About Russia Will Have A Big Impact On Trade Moving Forward
International issues always have a big impact, either good or bad, on the U.S. farm economy. “On the grains side the big gorilla is the Russia/Ukrainian conflict.  But for the other crops, what really matters is how competitive we stay in the external markets, and right now, I think the big question is what happens to the value of the U.S. dollar?” ...
Government Payments, Strength Of Dollar, Will Have Direct Impact On Health Of Washington Farm Economy
Government Payments, Strength Of Dollar, Will Have Direct Impact On Health Of Washington Farm Economy
Government Payments, Strength Of Dollar, Will Have Direct Impact On Health Of Washington Farm Economy
Predicting the health of the Washington farm economy in 2022 looks to be more challenging than a typical year. Washington State University’s Dr. Randy Fortenbery said one of the most notable changes will come in the form of an elimination of government subsidies and payments. The ...
USDA Expects China To Remain Top Export Destination
USDA Expects China To Remain Top Export Destination
USDA Expects China To Remain Top Export Destination
Despite not living up to their Phase One trade agreement, China is still the top export market for U.S. agricultural products. "We're glad to see that exports have bounced back, if you will, in that market.  2021 saw three times the level of exports than in 2018 when we had the trade dispute," said Agriculture Secretary Tom Vilsack at the recent USDA Agricultural Outlook Forum. "W
Vilsack/Tai Discuss China Shortcomings
Vilsack/Tai Discuss China Shortcomings
Vilsack/Tai Discuss China Shortcomings
During February's USDA Outlook Forum, Ag Secretary Tom Vilsack and U.S. Trade Representative Katherine Tai discussed China during. "The overall relationship with China is a really, really important one; profoundly consequential.  But it is also a complicated one and becoming increasingly complex." ...
USTR Releases Annual Report on China’s WTO Compliance
USTR Releases Annual Report on China’s WTO Compliance
USTR Releases Annual Report on China’s WTO Compliance
China failed to reach the Phase One Agreement commitments to purchase U.S. goods and services, including agricultural commodities. The U.S. Trade Representative's office revealed the data in a more than 70-page report this week. "The reality is that this Agreement did not meaningfully address the more fundamental concerns that the United States has with China's state-led, non-market policie
Vilsack Tells Lawmakers Much Is Being To Promote Ag Trade
Vilsack Tells Lawmakers Much Is Being To Promote Ag Trade
Vilsack Tells Lawmakers Much Is Being To Promote Ag Trade
Critics say the Administration is not doing enough make China live up to it's commitments in the Phase One trade agreement, or to do other things to boost agricultural trade in general. "Its not correct to suggest that we have not done anything," Agriculture Secretary Tom Vilsack recently told the House Ag Committee that, yes, the China is $16 billion short when it comes to their promise
Retaliatory Tariffs Reduced U.S. Ag Exports Annually by $13.2 Billion
Retaliatory Tariffs Reduced U.S. Ag Exports Annually by $13.2 Billion
Retaliatory Tariffs Reduced U.S. Ag Exports Annually by $13.2 Billion
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 ...
China Didn’t Meet Phase One Commitment
China Didn’t Meet Phase One Commitment
China Didn’t Meet Phase One Commitment
When it was all said and done, China wound up $16 billion short of achieving its obligations under the Phase One Trade Deal. The Biden administration is looking for ways to keep China buying agricultural products. Ag Secretary Tom Vilsack told the House Ag Committee last week that the administration is “putting them on notice that we want them to live up to the agreement.” ...

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