Column: Trump’s trade war is wrecking America’s farm economy
5 years, 7 months ago

Column: Trump’s trade war is wrecking America’s farm economy

LA Times  

An Indiana soybean farmer harvested his crop in September as U.S. prices fell and stockpiles rose, thanks to Trump’s trade war with China. “We’re getting a little taste now of what soybean prices will look like if this trade deal doesn’t come to fruition,” University of Illinois agricultural economist Todd Hubbs said in his weekly crop report last week, “and it isn’t pretty.” Corn and other commodity prices are also taking hits, with Bloomberg’s grain total return subindex falling to its lowest level since 1977. Farmers are afraid the tariffs could inflict “permanent damage … on agricultural export markets,” as foreign producers sweep in to serve Americans’ foreign customers, according to Roger Johnson, president of the National Farmers Union. McCarthy parroted the White House line that the pain being experienced by farmers was the result of “China’s trade retaliation against the United States,” which seems to be pointing the finger in the wrong direction.

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History of this topic

Soybeans, corn rise in choppy trading on South American weather concerns
6 days, 20 hours ago

Soybeans, corn rise in choppy trading on South American weather concerns

Live Mint  

* Soybeans, corn edge higher on dry South America weather * Strong US dollar pressures wheat * Thin post-holiday trade volume causes increased volatility By Renee Hickman CHICAGO, Jan 2 - Chicago soybean and corn futures were higher in see-saw trading on the first trading day of 2025, supported by ongoing concerns related to dry weather in South America, especially …

Brisk US corn, soy sales paces tempered by China’s absence -Braun
3 weeks, 6 days ago

Brisk US corn, soy sales paces tempered by China’s absence -Braun

Live Mint  

By Karen Braun NERVILLE, Illinois, - After multiple weeks of impressive volumes, last week’s U.S. corn and soybean export sales were a disappointment. GOOD PACE U.S. corn and soybean export sales in the week ended Dec. 5 hit 11- and 19-week lows, respectively, and both fell below the range of trade estimates. The U.S. Department of Agriculture on Tuesday raised …

Corn holds near its highest since June on expected decline in US stockpiles
4 weeks, 2 days ago

Corn holds near its highest since June on expected decline in US stockpiles

Live Mint  

CANBERRA, - Chicago corn futures held hear their highest level since June on Tuesday as the market awaited estimates from the U.S. Department of Agriculture that are expected to show a decline in U.S. stockpiles. FUNDAMENTALS * The most-active corn contract on the Chicago Board of Trade was down 0.1% at $4.41-1/2 a bushel by 0215 GMT after climbing to …

Trump's 'economic war' with China would hammer these two swing states: CNBC
1 month, 3 weeks ago

Trump's 'economic war' with China would hammer these two swing states: CNBC

Raw Story  

If President-elect Donald Trump is serious about hitting all Chinese goods with tariffs of 60 percent or higher, experts warn it could lead to all-out economic warfare that would be particularly damaging to two key swing states that Trump flipped in 2024. CNBC reports that the U.S.-China Business Council, in conjunction with Oxford Economics, estimates that a large-scale "economic war" …

Opportunities abound for China, US to expand agricultural trade, exec says
1 month, 3 weeks ago

Opportunities abound for China, US to expand agricultural trade, exec says

China Daily  

China is likely to import 30 million metric tons of soybeans from the United States during the 2025 marketing year — from Sept 1,2024, to Aug 31, 2025 — and the two countries have ample opportunities to expand agricultural cooperation, said a senior executive of the US Soybean Export Council. China's total soybean imports, including those from the US, are …

Opportunities abound for China, US to expand agricultural trade, exec says
1 month, 3 weeks ago

Opportunities abound for China, US to expand agricultural trade, exec says

China Daily  

China is likely to import 30 million metric tons of soybeans from the United States during the 2025 marketing year — from Sept 1,2024, to Aug 31, 2025 — and the two countries have ample opportunities to expand agricultural cooperation, said a senior executive of the US Soybean Export Council. China's total soybean imports, including those from the US, are …

US soybean trade with China already strained before Trump’s return -Braun
2 months ago

US soybean trade with China already strained before Trump’s return -Braun

Live Mint  

By Karen Braun NERVILLE, Illinois, - Uncertainty increased for U.S. soybean exporters this week with Donald Trump's election win, since shipments to top customer China were severely curbed when a trade war began during Trump’s first presidency. However, U.S. soybean trade to China was already going poorly prior to Tuesday’s election, and some of the latest statistics are the most …

Trump says he loves farmers. His tariff plans suggest otherwise
2 months ago

Trump says he loves farmers. His tariff plans suggest otherwise

Salon  

After last minute polling out of Iowa revealed Donald Trump may not win the deep-red state, the presidential nominee took to his social media platform, Truth Social, over the weekend to declare that no president has ever done more for the agricultural community than he has, dismissing the numbers as fake news from a “Trump hater.” “No President has done …

Farmers voice concern over possible tariffs
4 months ago

Farmers voice concern over possible tariffs

China Daily  

From the vast, fertile fields of Iowa and Illinois and several other farming states, US farmers used 30 million hectares of farmland to generate more than 48 million metric tons of soybean exports last year, worth $27.8 billion worldwide, according to the United States Department of Agriculture, or USDA. In the run-up to the 2024 US general election, the $124 …

Soybeans extend gains as traders weigh Trump reelection chances
5 months, 2 weeks ago

Soybeans extend gains as traders weigh Trump reelection chances

Live Mint  

CANBERRA, - Chicago soybean futures extended the climb on Tuesday after a reassessment of Donald Trump's chances of winning the U.S. elections propelled prices to their biggest jump in one year in the previous session. Soybeans hit four-year lows last week amid ample supply and anticipation that Trump could renew his trade war with top soy importer China, but U.S. …

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout
5 months, 3 weeks ago

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout

ABC  

The blood-smeared face of Donald Trump, clenched fist raised against the background of the stars and stripes, may be the defining image of his campaign and an enduring portrayal of our times. US tariff rise Photo shows US President Donald Trump says he's ready to escalate the trade war with China President Donald Trump's latest tariff hike on Chinese goods …

Demand from China drives US' soybean trade
11 months, 2 weeks ago

Demand from China drives US' soybean trade

China Daily  

A combine unloads soybeans onto a trailer during harvest on Oct 10 at a farm in Illinois, the United States. China is likely to import 30 million metric tons of soybeans from the United States in the latter's 2024 marketing year, matching the amount imported in the previous marketing year, the US Soybean Export Council predicted on Tuesday. Zhang Xiaoping, …

China’s buying soybeans again. That could help Trump
4 years, 2 months ago

China’s buying soybeans again. That could help Trump

CNN  

Washington CNN — Dave Walton’s Iowa farm was struggling a year ago as President Donald Trump’s trade war with China took a bite out of soybean exports. Another round of Covid-related aid payments that Trump announced in September helped send farmer sentiment up to its highest level since the pandemic began, according to the Purdue University-CME Group Ag Economy Barometer. …

China's soybean imports will keep increasing
4 years, 4 months ago

China's soybean imports will keep increasing

China Daily  

China's soybean imports will continue to rise in the coming months as the impact of the COVID-19 pandemic on trade is limited, and the purchases of soybeans from the United States will be ramped up, the Ministry of Agriculture and Rural Affairs said on Aug 26. On the contrary, the spread of the novel coronavirus and low oil prices have …

China halts some US farm imports, threatening trade deal
4 years, 7 months ago

China halts some US farm imports, threatening trade deal

Live Mint  

Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the US over Hong Kong, according to people familiar with the situation. Trump’s threats Trump said the US would begin the process of stripping some of Hong Kong’s privileged trade status, without detailing …

Trump strikes friendly tone on China with trade in mind, as his top officials point fingers over pandemic
4 years, 9 months ago

Trump strikes friendly tone on China with trade in mind, as his top officials point fingers over pandemic

CNN  

CNN — As coronavirus cases in the US surge, President Donald Trump isn’t focused just on those statistics, administration officials say, but is The President gets regular briefings on agriculture sales to China and monitors those figures almost as closely as his White House pandemic team tracks statistics on the coronavirus, whichhad surpassed more than 121,000 cases and more than …

Election-Year Trump Says He's Ready To Float Farmers On Another River Of Taxpayer Cash
4 years, 10 months ago

Election-Year Trump Says He's Ready To Float Farmers On Another River Of Taxpayer Cash

Huff Post  

LOADING ERROR LOADING President Donald Trump tweeted Friday that he’s prepared to fork over still more massive taxpayer subsidies to help farmers get through the trade wars he concocted. IF OUR FORMALLY TARGETED FARMERS NEED ADDITIONAL AID UNTIL SUCH TIME AS THE TRADE DEALS WITH CHINA, MEXICO, CANADA AND OTHERS FULLY KICK IN, THAT AID WILL BE PROVIDED BY THE …

Trump thanks farmers for backing him through China trade war
4 years, 11 months ago

Trump thanks farmers for backing him through China trade war

Associated Press  

AUSTIN, Texas — President Donald Trump thanked farmers Sunday for supporting him through a trade war with China as he promoted a new North American trade agreement and a separate one with China that he said will massively benefit farmers. At one point during his address to the American Farm Bureau Federation’s convention, Trump said he has strong support among …

US deal with China is a victory for Trump, but more still needs to be done (opinion)
4 years, 11 months ago

US deal with China is a victory for Trump, but more still needs to be done (opinion)

CNN  

Editor’s Note: James D. Schultz is a CNN legal commentator and chair of the Government and Regulatory practice at Philadelphia-based law firm Cozen O’Connor. That changed when President Trump took office, and his consistently tough stance led to a “phase one” trade deal between the United States and China last week. In addition to easing tensions between the two nations, …

U.S.-China Trade Deal Implications
4 years, 11 months ago

U.S.-China Trade Deal Implications

NPR  

U.S.-China Trade Deal Implications MICHEL MARTIN, HOST: We're going to spend some time now talking about the trade deal President Trump signed with China earlier this week. The Phase 1 deal is a partial cease-fire in the long trade war between the world's two largest economies. LOVELY: Oh, there's been no doubt that the trade war has impacted farmers. The …

Trump inked a deal with China. California is still sorting out the implications
4 years, 11 months ago

Trump inked a deal with China. California is still sorting out the implications

LA Times  

The list of Chinese goods Trump imposed tariffs on since launching a trade war two years ago seems like it runs forever: catfish, bird eggs, natural sponges, pearl onions, mushrooms, chestnuts, copper springs, tungsten wire, thermometer parts. “What is likely to happen administratively is that waivers will be granted in cases where the Chinese decide to import U.S. products that …

China trade deal: Trump signs first stage, including soybean purchase agreement
4 years, 11 months ago

China trade deal: Trump signs first stage, including soybean purchase agreement

CNN  

CNN — President Donald Trump on Wednesday signed an initial trade deal with senior Chinese leaders that includes pledges from Beijing to more than double its purchases from American farmers in the first year. Trump said he’d visit China in the “not too distant future” to reciprocate a visit to Washington from China’s top trade negotiator. The deal, Xi wrote, …

China trade deal: What it means for US farmers
4 years, 11 months ago

China trade deal: What it means for US farmers

CNN  

Washington CNN — China promised to buy billions of dollars more in agricultural products from US farmers as part of a “phase one” trade deal signed Wednesday – but the commitments don’t go much further than making up for what was lost during the trade war. American Farm Bureau President Zippy Duvall called the agreement an “important step” to getting …

Trump dispenses billions of dollars in aid to farmers, hoping to shore up rural base
5 years, 1 month ago

Trump dispenses billions of dollars in aid to farmers, hoping to shore up rural base

LA Times  

Moving to offset the impact his trade war has had on rural America, President Trump has bypassed Congress to send some $20 billion in aid to farmers, mostly going to a bundle of states that are essential to his reelection chances next year. Even so, they may fall short of fully covering farmers’ losses from the trade war with China …

It’s not just farmers — U.S. exports to China may never recover from the trade war
5 years, 1 month ago

It’s not just farmers — U.S. exports to China may never recover from the trade war

LA Times  

The Trump administration’s trade war is ravaging exports to China across the U.S. and well beyond the farm belt, new data from the U.S. Commerce Department show. Washington state, home of Boeing’s industrial base, saw total Chinese merchandise exports fall 45% through the third quarter amid the grounding of the 737 Max, the company’s best-selling jet. China has struck back …

US-China trade deal negotiations hit another snag
5 years, 1 month ago

US-China trade deal negotiations hit another snag

CNN  

CNN Business — President Donald Trump was supposed to sign a partial trade deal with Chinese President Xi Jinping next week, but negotiations over the final text have reached a rough patch, according to people familiar with the matter. In the last several days, the two sides have found themselves at odds over the finer details of an agreement that …

US ’close to finalizing’ parts of trade deal with China: USTR
5 years, 2 months ago

US ’close to finalizing’ parts of trade deal with China: USTR

Live Mint  

Washington and Beijing are making "headway" on key issues in their ongoing trade dispute and discussions will continue, the US Trade Representative's office said Friday following a phone call between senior officials. President Donald Trump heralded a major win in his offensive against China two weeks ago, saying the economic powers were close to concluding a "substantial phase one deal." …

Trump’s Boasts Aside, Farmers May Want To Hold Off On That $500,000 Combine
5 years, 2 months ago

Trump’s Boasts Aside, Farmers May Want To Hold Off On That $500,000 Combine

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump is telling farmers they’ll need “more land,” “more tractors” and more “bigger and better and more powerful” tractors — and fast — because of the “incredible” deal he has made with China for the purchase of $50 billion in U.S. farm goods. “The numbers are what they are.” A senior administration official confirmed …

China is trying to bring America to its knees, Trump trade adviser says
5 years, 2 months ago

China is trying to bring America to its knees, Trump trade adviser says

CNN  

New York CNN Business — The US-China trade war is rocking America’s manufacturing industry. “We are dealing with a strategic rival – and they are trying to buckle our knees,” Navarro told CNN’s Jim Sciutto at the CITIZEN by CNN conference in New York. “No one has the backs of those farmers more.” Navarro expressed cautious optimism about trade negotiations …

China lifts some tariffs ahead of trade talks, but it won’t help US farmers
5 years, 3 months ago

China lifts some tariffs ahead of trade talks, but it won’t help US farmers

CNN  

Washington CNN — The Chinese are waiving tariffs on some US goods, but the move won’t offer relief to American farmers who have been the hardest hit by Beijing’s retaliatory tariffs. “At the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary on …

National Farmers Union Head Scorches Trump: He's Offended 'Pretty Much Every Ally' On Earth
5 years, 4 months ago

National Farmers Union Head Scorches Trump: He's Offended 'Pretty Much Every Ally' On Earth

Huff Post  

LOADING ERROR LOADING The president of the National Farmers Union has leveled an astonishingly frank broadside against President Donald Trump, who rural voters largely supported in the 2016 election. Trade group leader Roger Johnson said in a radio interview Thursday that it will take “decades” to reverse damage caused by Trump. Trump has “offended the leaders of pretty much every …

Donald Trump’s rocky weekend includes ups and downs in China trade war
5 years, 4 months ago

Donald Trump’s rocky weekend includes ups and downs in China trade war

CNN  

CNN — President Donald Trump – irritable and inconsistent on the world stage – raised, dashed and then raised again hopes for an easing of his fast worsening trade war with China that is threatening the global economy. Officials insist they are not “cleaning up” for the President’s remarks The disarray in administration messaging over China was also evident in …

National Farmers Union Says Trump Is 'Burning Bridges' With His Trade Wars
5 years, 4 months ago

National Farmers Union Says Trump Is 'Burning Bridges' With His Trade Wars

Huff Post  

LOADING ERROR LOADING A national farm organization representing many of the same rural voters who helped put Donald Trump in the White House issued a scathing statement Friday accusing the president of “burning bridges” with trading partners and making the devastating trade war with China even worse. ″Instead of looking to solve existing problems in our agricultural sector, this administration …

Farmers Lash Out At Trump After Latest Trade War Blow From China
5 years, 4 months ago

Farmers Lash Out At Trump After Latest Trade War Blow From China

Huff Post  

LOADING ERROR LOADING American farmers are attacking President Donald Trump in the wake of a new hit from China, which comes as part of the lingering trade war between the countries. Trump’s “strategy of constant escalation and antagonism” has worsened the situation, Roger Johnson, the president of the National Farmers Union, the nation’s second-largest general farmers group, told Bloomberg. China’s …

Trade war: Trump defends fight against China despite risks
5 years, 5 months ago

Trade war: Trump defends fight against China despite risks

CNN  

Washington CNN — President Donald Trump’s trade war just got more complicated – and it’s far from clear whether he’ll win a deal before American voters head to the polls next November. Trump shrugged off this week’s market volatility as he spoke to reporters, saying it was “anticipated” and he had expected “even more.” “But ultimately it’s going to go …

China puts US soy purchases on hold as tariff war escalates
5 years, 7 months ago

China puts US soy purchases on hold as tariff war escalates

Al Jazeera  

China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated, according to people familiar with the matter. President Donald Trump escalated his trade war with China earlier this month, ramping up tariffs on about $200 billion of Chinese goods, prompting Beijing to retaliate with further tariffs of …

China accuses the US officials of 'lying' to the public about the trade war: Report
5 years, 7 months ago

China accuses the US officials of 'lying' to the public about the trade war: Report

Firstpost  

China believes that US has fabricated lies to mislead Americans, and now they are inciting ideological opposition. China on Friday accused US officials of lying to the public about their trade war, as rising tensions between the world’s two largest economies kept financial markets in a state of unease. Washington has slapped higher tariffs on $200 billion in Chinese goods, …

US-China trade war hurts American families
5 years, 7 months ago

US-China trade war hurts American families

CNN  

Editor’s Note: Mary E. Lovely is a professor of economics at Syracuse University and non-resident senior fellow at the Peterson Institute for International Economics. When President Donald Trump first initiated the trade war with China one year ago, he justified the action as necessary to open China’s markets and to secure America’s rights to its own intellectual property. The pain …

Trump’s ‘great patriot’ farmers follow him into a trade war
5 years, 7 months ago

Trump’s ‘great patriot’ farmers follow him into a trade war

Associated Press  

MADRID, Iowa — Iowa farmer Tim Bardole survived years of low crop prices and rising costs by cutting back on fertilizer and herbicides and fixing broken-down equipment rather than buying new. When President Donald Trump’s trade war with China made a miserable situation worse, Bardole used up any equity his operation had and started investing in hogs in hopes they’ll …

Rural America feels the sting of Trump’s China trade war
5 years, 7 months ago

Rural America feels the sting of Trump’s China trade war

CNN  

CNN — President Donald Trump’s trade war with China is biting rural America. Both Walmart and Macy’s say they might need to raise prices if Trump goes ahead with expanding tariffs to cover almost everything China exports to the US, from toys to clothes and hardware. “Farmers, ranchers, small businesses in rural America, the people who support those businesses in …

Donald Trump to meet Xi Jinping as trade war escalates after China’s decision to impose counter tariffs
5 years, 7 months ago

Donald Trump to meet Xi Jinping as trade war escalates after China’s decision to impose counter tariffs

Firstpost  

US president Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets. Washington/Beijing: US president Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, …

Farmers get impatient with Trump’s trade war: ‘This can’t go on’
5 years, 7 months ago

Farmers get impatient with Trump’s trade war: ‘This can’t go on’

CNN  

Washington CNN — American farmers are running out of patience with President Donald Trump’s trade war with China. Farmers have long stood behind Trump’s mission to get a better trade deal with Beijing that addresses long-standing issues with what they say are unfair trading practices. “The President of the United States owes farmers like myself some type of plan of …

Trump's trade war leads to the lowest income for American farmers in years
5 years, 8 months ago

Trump's trade war leads to the lowest income for American farmers in years

Salon  

A new report by the Commerce Department reveals that President Donald Trump's trade war has caused personal income for farmers to drop by the most in three years. The Commerce Department's report identified a number of factors that have caused the dip in farmers' income including natural disasters, the lowering of commodity prices and ramifications of Trump's trade war with …

Soybean farmers are still paying for Trump’s trade war
5 years, 9 months ago

Soybean farmers are still paying for Trump’s trade war

CNN  

Washington CNN — President Donald Trump’s trade war made last year tough for American soybean farmers, but 2019 could be the year they really start feeling the pain – despite Beijing’s pledge to resume buying from the United States. Beijing imposed tariffs in retaliation to Trump’s duties last year – and then stopped buying soybeans altogether. “If we don’t, we’re …

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