Lawmakers like Texas Representative Jodey Arrington say trade has been unbalanced for too long.
During a hearing on the Hill this week, he said the current trade rules would never fly if it was played like a basketball game.
“You know, I can’t imagine the Texas Tech Raiders taking on the Arkansas Hogs and let the Arkansas Razorbacks shoot lay-ups for their free throws, or pick up the ball and run with it instead of dribbling, I mean can you ever imagine watching a competition where there were two sets of rules. Now, we’d still beat them, no question, under any set of rules and circumstances, but anyway, it just seems to me that it’s un-American not to fight for our manufacturers, producers, and workers to simply have an even playing field.”
Arrington made those comments during a House Ways and Means Committee hearing on trade. Several ag groups spoke before the panel, highlighting the need to keep trade affordable.
U.S. trade talks with China resume, but meat industry leaders say dealing with shifting demand and market uncertainty is nothing new in this side of the ag sector.
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American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
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China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.
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U.S. producers are holding off on equipment investments amid financial pressure, market uncertainty, a rising demand for diesel, and growing desperation for trade wins.
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