A federal court has put a hold on the ruling that said President Trump overstepped his authority with blanket tariffs.
The President’s team filed an appeal on Wednesday shortly after the first decision was handed down.
The U.S. Court of International Trade argued that the 10 percent blanket tariffs on all countries fell outside emergency requirements.
With this in place, the 10 percent tariffs can be used while the courts decide the case. The next hearing is on June 5th.
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With China halting U.S. soybean purchases and talks tied to broader strategic issues, growers face renewed export uncertainty.
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.
