JM Innovations



National & World Ag News Headlines
Trump Tells Farm Bureau: Ag Will Win with New Chinese Trade Deals
USAgNet - 01/15/2019

President Trump on Monday told U.S. farmers hard hit by the trade war with China that they would come out on the winning end of new trade deals. Speaking at the 100th annual convention of the American Farm Bureau Foundation, Trump promised a “tremendous impact” from the deals.

“We’re doing trade deals that are going to get you so much business, you won’t believe it. A lot of great things are going to happen,” Mr. Trump told a huge crowd at the New Orleans Convention Center.

Farm and rural voters were key to Mr. Trump’s 2016 election victory, but their allegiance has been tested by trade disputes, reports the Washington Times. In retaliation against Trump administration tariffs, Beijing targeted U.S. agriculture, in particular its massive soybean exports, to punish Mr. Trump’s base.

The administration is providing up to $12 billion in assistance for farmers hurt in the China trade war, both as relief for lost crops or sales and for help finding alternative markets.

While Trump commented on trade and agriculture issues, the speech was dominated by his take on the partial government shutdown over border security.

“When it comes to keeping the American people safe, I will never back down. I didn’t want this fight,” he told the farmers, who also have been hit by the suspension of some FDA inspections.

The President promised a business boost for farmers in the near future from a China deal still being negotiated and the new U.S. Mexico Canada Agreement that is awaiting approval from Congress, the Times reported.

Trump began imposing tariffs to force China into trade talks. He wants Beijing to end unfair trade practices, including dropping barriers to U.S. companies doing business in China and its theft of American intellectual property.

Mr. Trump also wants to reduce America’s huge annual trade deficit with China. China’s 2018 trade surplus with the U.S. surged to a record $323.3 billion, but its exports shrank in December as U.S. tariffs began to hurt demand.


Other National Headlines
TractorPumps.com
Gehling Auction
Copyright © 2024 - Farms.com. All Rights Reserved.