Articles tagged under: tariff
‘Counterproductive’
Published November 29, 2024
President Biden is asking President-Elect Donald Trump to rethink his threat of additional tariffs on Mexico and Canada. Biden said these two neighboring countries are our closest allies and additional tariffs would be counterproductive. Trump is calling for a 25…Retaliation Threat
Published November 28, 2024
Retaliation is likely if President-Elect Donald Trump moves forward with his proposed 25 percent tariffs on products from Mexico and Canada. Mexican President Claudia Sheinbaum said she will respond with higher import taxes on U.S. products. Mexico’s economic minister said…Tariffs Cost Agriculture
Published October 16, 2024
Farmers will likely bear the burden of a tariff-based approach to trade. That conclusion came from research conducted by the National Corn Growers Association, American Soybean Association and North Dakota State University. The study found a negative impact on U.S.…Tariff Rate Cut Extended Through ’23
Published December 20, 2022
The Philippines have extended a reduction in tariff rates on food imports until the end of 2023. The lower rates were established in 2021 and were scheduled to expire at the end of the month. The lower tariffs impact rice,…U.S. to Discuss Tariffs With Japan This Week
Published November 15, 2021
The United States and Japan are in negotiations over the steel and aluminum tariffs imposed during the Trump Administration. The Biden Administration eased tariffs on European steel and aluminum last month and Japan now appears to be next in line.…U.S. is Not Ready to Lift Chinese Import Tariffs
Published March 29, 2021
In her first interview since being confirmed, U.S. Trade Representative Katherine Tai said the United States is not ready to lift tariffs on Chinese imports. U.S. businesses have been hurt by the tariffs, but Tai said these tariffs also shield…Resolution Expected on Brazilian Tariff on U.S. Ethanol
Published September 7, 2020
Heading into the holiday weekend, Agriculture Secretary Sonny Perdue said an announcement is forthcoming that will resolve a tariff dispute between the U.S. and Brazil. At the end of August, Brazil’s tariff rate quota moved to 20 percent on U.S.…Negotiations Intensify Ahead of Next Round of Tariffs
Published December 9, 2019
Trade talks between the U.S. and China are ramping up. The Trump Administration’s next round of tariffs against Chinese products is scheduled to take effect on December 15. Early today, a Chinese commerce ministry official said both sides must respect…Phase One Trade Deal Announced
Published October 14, 2019
On Friday, President Donald Trump announced ‘phase one’ of a trade deal with China. "We've come to a deal on intellectual property, financial services and a tremendous deal for the farmers," said Trump. "A purchase of from $40 billion to…