It has been a wild week for the markets trying to digest all the changes with trade.
President Trump is asking for patience through all of this, but lawmakers are already taking action. This week, Senators Ron Wyden and Rand Paul issued a resolution to stop the tariff plan, saying only Congress has tariff authority.
Also up for debate is legislation to stop emergency tariffs after 60 days unless Congress decides otherwise. Both measures have bipartisan support.
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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.
Industry leaders say $11 billion in new investments could turn the tide as dairy producers face shrinking margins and growing uncertainty.
Even in this strong market, some beef producers are leaving money on the table by not following proven marketing practices.
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.
President Trump is expected to press Argentina to take a tougher stance on China in exchange for political and economic support.
