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Tag Archives: war

U.S. Farmers See Another Bleak Year Despite Phase 1 Trade Deal

U.S. farmers are stuck with fields full of weather-damaged corn – a crop they planted after the U.S.-China trade war killed their soybean market. Many don’t know yet what crops they’ll plant next season among a host of dicey options. In Texas, Kansas and Colorado, farmers are weighing whether they should plant fewer acres of corn and more sorghum, even ...

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Japan Reluctant To Join RCEP

Japan is not considering signing a Chinese-backed regional trade pact without India, the top Japanese negotiator revealed ahead of a series of diplomatic exchanges in the coming weeks that include a visit to Delhi by Prime Minister Shinzo Abe. India announced earlier that it was withdrawing from the Regional Comprehensive Economic Partnership, citing the deal’s potential impact on the livelihoods ...

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Vietnam Benefits From US-China Trade War

Vietnam has seen an influx of economic activity as companies seek to avoid tariffs on Chinese imports. U.S. companies that do business overseas are looking to diversify their business because of uncertainty about the U.S. relationship with China. Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months ...

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U.S. Purchases From Vietnam On The Rise

Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months in 2018. At the same time, trade expert Michael Ryan explains, various “factors are lengthening the delivery cycle to consumers” from Vietnam. This means U.S. residents are buying much more stuff from Vietnam, and it is taking longer ...

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Trade War Between China and U.S. Affects Farmers

Farmers experienced huge loss as a result of the trade war when Beijing imposed tariffs on a variety of U.S. agricultural products, including soybeans, corn and pork. In some cases, the Chinese market evaporated for American exporters, resulting in tumbling commodity prices, and big losses for U.S. farmers. To make up for some of these losses, the Trump administration has ...

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Wisconsin Reports Maximum Farm Bankruptcies

A recent American Farm Bureau Federation report stated that highest number of farm bankruptcies have been reported from Wisconsin with 48 Chapter 12 filings over the 12-month period ending in September, followed by Georgia, Nebraska and Kansas, each of which had 37 filings. Minnesota, California, Texas, Iowa, Pennsylvania and New York round out the top 10 states for farm bankruptcies. ...

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Phased Rollback Of Trade Tariffs Expected By US And China

The ongoing trade war seems to be reaching some breakthrough with negotiators from US and China trying to arrive at an interim deal. The Chinese Ministry of Commerce revealed that once the agreement is signed, both the countries may agree to eliminate the additional tariffs in a phased manner. Extensive discussions to end the trade war between US and China ...

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