Trade
According to the Office of the USTR, the safeguard will allow U.S. exporters to meet Japan’s growing demand for high-quality beef while minimizing the odds that Japan will increase tariffs.
USDA ‘s weekly Export Sales data for the week ended May 26 showed net sales of U.S. cotton for both old- and new-crop delivery with additional sales of sorghum but cancellations of old-crop soybean sales.
Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, Interfax news agency reported, citing Russian Deputy Foreign Minister.
Estimates of when new routes will be regular shipping lanes keep advancing. It looks like the long-awaited transpolar shipping route could be a real thing around 2050. John Phipps explains why and the possible impact
President Biden spent last weekend in Tokyo, Japan. During the visit, Biden announced a dozen Indo-Pacific countries will join the U.S. in a “sweeping” economic initiative, primarily focused on countering China.
U.S. President Joe Biden has not ruled out using export restrictions to ease soaring domestic fuel prices, U.S. Energy Secretary Jennifer Granholm said on Tuesday.
The U.S.-China trade war began in July 2018 when the Trump administration imposed tariffs on $550 billion worth of Chinese goods. Nearly four years later, the debate remains as to which country actually won.
Ukraine reported a major drop in grain exports, threatening food security for millions worldwide. Grain exports are down 64% so far in May compared to last year, the country’s agriculture ministry said Thursday.
Pro Farmer’s Jim Wiesemeyer is told U.S. lawmakers want Chinese import tariffs knocked down to minimize inflationary pressure. USTR Katherine Tai says tariff adjustments aren’t likely, but are on the table.
Indonesia’s ban on palm oil exports is unlikely to last more than a month as Jakarta has limited infrastructure to store the surplus oil and the country faces mounting pressure from buyers, industry officials said.