A Senate attempt to block President Trump’s new tariffs came up short in a 49-49 tie, with two Senators missing the vote.
The push, led by Senators Ron Wyden and Rand Paul, aimed to undo the 10 percent baseline tariff announced under an economic emergency order. Agri-Pulse reports supporters said the debate was still important, while some lawmakers quietly expressed concerns about potential trade impacts.
Treasury Secretary Scott Bessent recently told reporters that the Administration is working on deals with 17 countries and singled out negotiations with India as being particularly far along.
Related Stories
Talks highlight the widening role of agriculture in U.S.–India trade policy, though neither side appears ready for major concessions before tariff issues and oil imports are resolved.
In a statement provided to RFD-TV News, a USDA spokesperson reiterated President Trump and the USDA’s commitment to farmers in difficult economic times.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
Expect choppier basis and wider bids — hedge earlier, keep logistics flexible, and watch Argentina and India headlines for near-term opportunities.
New U.S. fees on Chinese-owned and built ships took effect overnight, marking the latest escalation in maritime trade tensions between Washington and Beijing.
Escalating U.S.–China tensions threaten soybean demand as farm finances are stretched further.
