Midwest businesses, farmers rally to oppose Trump’s trade war
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Midwest farmers and businesses rallied Tuesday to oppose the escalating U.S.-China trade war. Here's why.
Trade With China
Farmers worry trade war would damage relationship with top customer
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As China and the U.S. swap threats of import taxes on billions of dollars of goods, financial markets fluctuated and farmers are frustrated, saying they worry over hard-built trade relationships with one of their largest customers.
Trade With China
Brazil, Argentina may fill the U.S. soybean export gap
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Argentina and Brazil may fill China’s soybean needs if China imposes a 25 percent tariff on U.S. soybean exports. And experts say : “China is the world’s largest consumer, and the U.S. is the largest producer, … so they’ll need to replace the U.S. with some other country,”
Trade With China
On China tariffs, farm groups say no
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Earlier this month, the U.S. and China both announced billions of dollars in taxes on billions of dollars worth of imported goods - China is seeking tariffs on $50 billion worth of U.S. products that include soybeans and pork while the U.S. announced taxes on $150 billion worth of 1,300 Chinese products, including electronics. Here’s a look at what farm organizations in the Midwest have to say.
Trade With China
Crop insurance help for tariff fallout could affect upcoming Farm Bill
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Congressional leaders said they would explore federal help for farmers should tariffs be put in place but Tamara Nelson, senior director of commodities for the Illinois Farm Bureau, said the moves would not help. “Farmers don’t want aid, farmers want to be able to trade,” she said.
Opinion
Opinion: China ready, willing and able to go head-to-head with U.S. in trade war
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As Dave Dickey writes, U.S. grain and oilseed farmers, specialty crop growers and pork producers are hoping that China and U.S. leadership pull back their reins on the potential for a full-blown trade war that could cripple U.S. gross domestic product.
Featured in Category
USDA Secretary Perdue discusses Farm Bill, trade in Illinois RV tour stop
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Secretary of Agriculture Sonny Perdue told farmers that they need to open a line of communication with the public, as consumers push for more standards, transparency and traceability.
Foreign investment in U.S. farmland on the rise
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Over the past decade, foreign companies have been investing in agricultural land in the United States at a record pace, according to a Midwest Center for Investigative Reporting analysis of USDA data. The data was compiled from 1900 to 2014 under the Agricultural Foreign Investment Disclosure Act (AFIDA).
Agribusiness
U.S. files complaint against China over trade violations
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The complaint, the 15th filed against China by the Obama administration since 2009, argues that China is not “transparent, predictable or fair” in its administration of tariff-rate quotients, which protect its domestic farmers by taxing imports at a higher rate.
China
U.S. lodges 23rd trade violations complaint against China
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The United States filed a complaint Tuesday against China for violating World Trade Organization commitments by excessively subsidizing its corn, wheat and rice production — hampering the global sale of American commodities in the process.