Articles tagged under: tariff
Tariff Threat Dropped
Published June 10, 2019
A deal has been reached between the United States and Mexico on illegal immigration. As a result, the tariff threat against Mexico has been dropped. President Donald Trump also tweeted Mexico would immediately begin buying large quantities of U.S. farm…Tariff Strategy Used to Address Immigration Challenge
Published May 31, 2019
President Trump plans to impose new tariffs on Mexico if it doesn’t address the issue of illegal immigration. A five percent duty would begin June 10 and that rate will rise to 25 percent by October 1. A spokesperson for…Peterson Responds to Tariff Increase
Published May 13, 2019
Responding to the Administration’s decision to raise tariffs on Chinese products, House Agriculture Committee Chairman Collin Peterson said the decision does nothing but use farmers as “political pawns.” The Minnesota Democrat said he believes President Trump has good intentions, but…Jobs Lost With Additional Trade Tariffs
Published February 7, 2019
According to a study conducted by the group ‘Tariffs Hurt the Heartland,’ additional trade tariffs on China would result in the loss of one million jobs. The study was unveiled on Capitol Hill Wednesday. If the Trump Administration imposes additional…Tariff Concern Seen in Fed’s Beige Book
Published October 25, 2018
Despite a relatively strong general economy, the Federal Reserve’s Beige Book highlights growing anxiety over trade and tariffs. Nearly all of the 12 Fed districts report moderate economic growth, but the downturn in the farm economy was discussed. The Minneapolis…Trump Administration Discussing WTO Withdrawal
Published July 4, 2018
The Trump Administration has reportedly drafted a bill that would abandon the United States’ commitment to World Trade Organization rules. Trump has reportedly been discussing the withdrawal of the U.S. from the WTO altogether. The draft bill is known as…Trump Tweet Threatens Trade Retaliation
Published June 25, 2018
President Donald Trump was on Twitter over the weekend, warning more trade retaliation is possible. In the tweet, Trump insists all countries with artificial trade barriers will face retribution. Trump said “trade must be fair and no longer a one-way…Compromise Possible Between the U.S. and China
Published May 15, 2018
China may be ready to drop its tariff threat for U.S. farm commodities, like soybeans and pork. Reuters and Dow Jones are both reporting the U.S. and China are working on an agreement that would end U.S. sanctions against a…