China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13 per cent tariff.
Tag Archives U.S. government
Beijing lifts some tariffs on U.S. farm goods but soybeans stay costly
U.S. not ready to lift Mexican cattle ban over screwworm, Agriculture Secretary Rollins says
The U.S. is not yet ready to reopen its border to Mexican cattle amid an outbreak of the flesh-eating New World screwworm parasite, Agriculture Secretary Brooke Rollins said, but she is pleased with Mexico’s efforts to contain the pest.
American agriculture groups call for full renewal of CUSMA trade deal
American food and agriculture groups are calling for a full 16-year renewal of the Canada-United States-Mexico-Agreement (CUSMA).
China to buy 12 million metric tons of soybeans this season, Bessent says
U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January and has committed to buying 25 million tons annually for the next three years as part of a larger trade agreement with Beijing.
Mexico agriculture secretary says still no date for restarting cattle exports to U.S.
Mexican Agriculture Minister Julio Berdegue said on Wednesday that Mexico and the United States have not yet set a date to resume Mexican cattle exports amid an outbreak of the flesh-eating screwworm parasite.
China holds off on soybean purchases due to high Brazil premiums, traders say
China has yet to secure much of its soybean supply for December and January as high premiums for Brazilian cargoes discourage buyers.
Trump mulls ending some trade ties with China, including in relation to cooking oil
U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil.
U.S. agricultural trade in a widening deficit, study shows
U.S. agricultural imports now exceed exports and the deficit is expected to worsen, according to a study from the University of Illinois.
Farmers, traders ‘flying blind’ as U.S. shutdown blocks key crop data
U.S. data vital to global grain and soybean trading has gone dark during the country’s federal government shutdown, leaving commodity traders and farmers without crop production estimates, export sales data and market reports during the peak of the autumn harvest.
Trump bailout for trade-hit U.S. farmers expected this week
The Trump administration is expected to announce a plan as soon as Tuesday to bail out U.S. farmers stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion (C$20.9 billion), according to sources familiar with the matter.
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