Yesterday the Administration moved forward on a 10 percent tariff on an additional $200 billion in Chinese imports, and China quickly retaliated on another $60 billion of U.S. products. This move further escalates the trade dispute between the two countries that began in April of this year and is showing no signs of coming to
On Monday, the U.S. Department of Agriculture (USDA) released details of its aid package to help offset the impact of tariffs, which includes a Market Facilitation Program that will make payments to producers of soybeans and six other farm commodities for the 2018 crop. The program also includes an increase of USDA purchases of various
Since China — the largest importer of U.S. soy — announced its plans for retaliatory tariffs for the United States in April, soybean growers have been in a kind of limbo, unsure of how exactly the tariffs will affect this year’s prices. But the numbers are starting to come in. Soybean futures on the Chicago
The Ohio Soybean Association (OSA) today expressed disappointment and increasing concern regarding the implementation of a 25 percent tariff on Chinese products and the resulting retaliation by China on soybeans. “We’re now looking at a 25 percent tariff on every single soybean that we try to sell to China,” said Kirk Merritt, OSC executive
The Ohio Soybean Association denounced the White House’s decision to impose a 25 percent tariff on $50 billion in Chinese products, which China has said it will answer with a retaliatory 25 percent tariff on imported U.S. soybeans. China purchases 61 percent of total U.S. soybean exports and more than 30 percent of overall U.S.
The Ohio Soybean Association (OSA) is again expressing concern with the recent decision by the Administration to continue moving forward with its plan to apply a 25 percent tariff on select Chinese imports. China has stated previously that if the tariffs on nearly $50 billion in Chinese goods go into effect, it will impose a