Reuters’ Jarrett Renshaw and Arathy Somasekhar reported Tuesday that “Canada could impose non-tariff measures such as restricting its oil exports to the United States or levying export duties on products if a trade dispute with the U.S. escalates further, Canada’s energy minister Jonathan Wilkinson said on Tuesday.” “‘When we are talking about non-tariff retaliation, it […]
Trade
Trump Delays Some Mexico, Canada Tariffs, Lowers Potash Duty
Agri-Pulse’s Oliver Ward reported that “President Donald Trump signed two executive orders on Thursday postponing tariffs for products arriving from Mexico and Canada that are covered by a North American trade pact by a month, while lowering the duty to be applied to potash imports.” “‘Anything that was covered under the [U.S.-Mexico-Canada] agreement is exempt […]
U.S. Company BlackRock Buying Panama Canal Ports
Somewhat overshadowed by yesterday’s busy day of tariff news, the Associated Press’ Didi Tang and Alex Veiga reported that “a Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President […]
Canada & Mexico Tariffs Take Effect, China Hits Back at US Ag
The Associated Press’ Josh Boak, Paul Wiseman and Rob Gillies reported that “President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.” “Starting just past midnight, imports from Canada and Mexico are now to be […]
China Readying Tariff Countermeasures on US Agriculture
Reuters’ Joe Cash, Mei Mei Chu and Xiuhao Chen reported that “China has American agricultural exports in its cross hairs as it prepares countermeasures against fresh U.S. import tariffs, China’s state-backed Global Times reported, raising the stakes in an escalating trade war between the world’s top two economies.” “U.S. President Donald Trump last week threatened […]
Canada and Mexico Tariffs Will Start March 4, Trump Confirms
Reuters’ Jeff Mason, Andrea Shalal and David Lawder reported that “U.S. President Donald Trump on Thursday said his proposed 25% tariffs on Mexican and Canadian goods will take effect on Tuesday, along with an extra 10% duty on Chinese imports because deadly drugs are still pouring into the U.S. from those countries.” “The fresh China […]
Trump Says 25% Canada, Mexico Tariffs ‘Going Forward’
Reuters’ David Lawder and Andrea Shalal reported that “President Donald Trump said on Monday that tariffs on Canadian and Mexican imports are ‘on time and on schedule’ despite efforts by the countries to beef up border security and halt the flow of fentanyl into the U.S. ahead of a March 4 deadline. ‘The tariffs are […]
EU Exploring Import Restrictions That Could Include US Soy
The Financial TImes’ Andy Bounds reported this past Sunday that “the EU wants to block imports of certain foodstuffs made to different standards to protect its farmers in an echo of US President Donald Trump’s ‘reciprocal’ trade policy.” “The European Commission will agree (this) week to explore greater import limits, according to three officials, a […]
‘Farmers are going to be helped’ by Reciprocal Tariffs, Trump says
Bloomberg’s Josh Wingrove, Jennifer A Dlouhy, and Jenny Leonard reported Thursday that “President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous trading partners, raising the prospect of a wider campaign against a global system he complains is tilted against the US.” “The president on Thursday signed a measure directing the US […]
US Ag Export Volumes Surged 22% in 2024
Reuters’ Karen Braun reported Wednesday that “most global importers last year took advantage of plentiful and cheaper U.S. bulk agricultural commodities, including soybeans and corn, the top-ticket items.” “Milestones were notched among the top U.S. bulk grain destinations in 2024 as average export prices fell by more than one-fifth versus 2023,” Braun reported. “Lower prices […]
China Tariffs Begin, Canada & Mexico Tariffs Paused
Reuters’ Trevor Hunnicutt and Kevin Krolicki reported that “China imposed targeted tariffs on American imports on Tuesday and put several U.S. companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.” “Beijing’s limited reply to Trump’s imposition of a 10% tariff […]
Trade War Underway as Canada, Mexico Announce Retaliatory Tariffs
UPDATE (Monday at 11am): NBC News’ Shannon Pettypiece reported Monday that “the U.S. and Mexico reached an agreement Monday to delay a 25% tariff on all Mexican imports for one month, after Mexico agreed to ramp up security at its border — averting, at least for now, a move that could have driven up prices […]
Trump Confirms Mexico, Canada 25% Tariffs Coming Saturday
UPDATE 2 (Friday at 1:30pm): White House Press Secretary Karoline Leavitt says earlier reporting about March 1 tariff date is inaccurate and that she confirms that “the Feb. 1 deadline that President Trump put into place in a statement several weeks ago continues. The president will be implementing tomorrow 25% tariffs on Mexico, 25% tariffs […]
Mexico Readying Retaliatory Tariffs, Potentially Targeting US Ag
Reuters’ Diego Oré reported that “Mexico President Claudia Sheinbaum said on Wednesday she does not believe the United States will impose tariffs on Saturday as President Donald Trump has pledged, but said her administration has its own response plan in place if needed.” “‘We don’t think it’s going to happen,’ Sheinbaum said at her regular […]
US, Colombia Avoid Trade War Over Deportations
Reuters’ Phil Stewart and Oliver Griffin reported Monday morning that “the U.S. and Colombia pulled back from the brink of a trade war on Sunday after the White House said the South American nation had agreed to accept military aircraft carrying deported migrants.” “U.S. President Donald Trump had threatened tariffs and sanctions on Colombia to […]
US Share of China Soybean Market Fell to 21% in 2024
Reuters Ella Cao and Mei Mei Chu reported on Monday that “China’s soybean imports from the United States dropped 5.7% in 2024 from the previous year and were replaced by Brazilian and Argentine shipments, as fears of a renewed Sino-US trade war further hammered the US market share to under a quarter.” “China imported a […]
Trump Preparing 10% Tariff on China in February
Bloomberg’s Josh Wingrove and Hadriana Lowenkron reported Tuesday that “President Donald Trump widened his tariff threats to include China and the European Union on his second day back in office after day one saw Canada and Mexico in his sights.” “‘We’re talking about a tariff of 10% on China, based on the fact that they’re […]
Trump Says Canada, Mexico May Get 25% Tariff by Feb. 1
Reuters’ David Lawder, Andrea Shalal and Jarrett Renshaw reported Monday evening that “President Donald Trump did not immediately impose tariffs on Monday as previously promised but said he was thinking about imposing 25% duties on imports from Canada and Mexico on Feb. 1 over illegal immigrants and fentanyl crossing into the U.S.” “As he was […]
Trump Won’t Rule Out Military Action to Take Panama Canal
The Hill’s Alex Gangitano reported Tuesday that “President-elect Trump on Tuesday refused to commit to not using the U.S. military to gain control of the Panama Canal, after vowing last month to take over operation of the key passageway.” “Trump was questioned during a press conference at Mar-a-Lago about his recently targeting the canal as […]
Trump Says He Won’t Narrow Universal Tariff Plans
Bloomberg’s Ramsey Al-Rikabi and Maria Luiza Rabello reported Monday that “President-elect Donald Trump denied a Washington Post report that his aides are considering narrowing his tariff plan so that it would only apply to limited specific critical imports.” “‘The story in the Washington Post, quoting so-called anonymous sources, which don’t exist, incorrectly states that my […]