The U.S. Trade Rep’s office is looking at making trade more fair. It comes after an investigation into China, and it directly targets their maritime industry.
The Office says China is dominating in areas like maritime, logistics, and shipbuilding, warning it places unreasonable burdens on U.S. commerce. They are hoping to use fees on Chinese ship operators and owners.
Not everyone is on board, though, with one U.S. shipping industry official calling the proposal “catastrophic.” Consultants with O’Neil Commodity Consulting say that in 2022, more than a third of all commercial ships were built in China, and that number is now closer to 22 percent.
Related Stories
Ethanol production climbed to a four-week high while inventories fell to their lowest level since early October, according to energy data analyzed by the RFA.
The latest Meat Demand Monitor shows strong retail demand for beef products like ribeye steaks and ground beef.
Corey Rosenbusch, President & CEO of The Fertilizer Institute, discusses fertilizer markets transparency efforts and the steps to ensure long-term stability for farmers and the ag economy.
Thailand will not replace major corn buyers overnight, but renewed access could create another outlet for U.S. corn demand.
Mike Steenhoek with the Soy Transportation Coalition joins us to discuss the proposed federal gas tax suspension, fuel cost pressures, and what the policy could mean for agriculture and transportation.
China’s soybean buying is shifting hard toward Brazil, leaving U.S. shipments at risk of slowing as South America’s record crop reaches export channels
