Trade
For the fiscal year to date (October 2009-February 2010), the value of U.S. exports has totaled $49.064 billion while imports have tallied $30.744 billion, for a trade surplus of $18.320 billion. That compares to a surplus for the same period a year ago of $11.737 billion.
U.S. dairy farmers that have seen an unprecedented number of bankruptcies in some parts of the country are looking closely at what sort of boost they may get from the Trump administration’s trade aid package.
Shutting down access to the U.S.-Mexico border could impact a relationship between the largest buyer of dairy exports which has two dairy cooperatives concerned.
The trade battle between the U.S. and China continues, and fresh data from U.S. Department of Agriculture puts it into perspective, showing some states saw exports decrease more than 80 percent to China in 2018.
U.S. government officials are publicly withholding judgment on China’s efforts to ease trade tensions ahead of talks next week.
The White House plans to present to Congress a text of the U.S.-Mexico trade agreement to revise portions of NAFTA. The U.S. & Canada are struggling to resolve their differences over dairy protections.
Last week President Trump announced new tariffs on steel and aluminum imports. Entering into this kind of trade war could have a significant impact on farmers analysts say.
Consumers aren’t just eating more butter, they are willing to pay more for it, a boon that’s giving outsize gains to makers of premium brands.
The House of Representatives on Thursday overwhelmingly passed the U.S. Canada Mexico Agreement (USMCA) with a vote of 385-41.
Shutting down access to the U.S.-Mexico border could impact a relationship between the largest buyer of dairy exports which has two dairy cooperatives concerned.
Trade talks with China are set to kick back up next week in Washington, D.C. and Farm Journal Washington Correspondent Jim Wiesemeyer thinks there’s a 98% the U.S. will see a trade deal soon.
The U.S. dairy industry stands to lose billions of dollars over the next two decades if trade agreements with Japan, one of the biggest buyers, don’t materialize.