Taiwan’s government is pushing back against speculation that cheaper U.S. citrus imports could hurt local growers.
Taiwan says a new trade agreement lowering tariffs on American mandarins is unlikely to disrupt the market. The country’s Ag Ministry says U.S. imports account for just one percent of domestic consumption and arrive during Taiwan’s off-season.
They also point to higher prices for imported fruit and say local mandarins still hold an advantage in freshness, flavor, and supply.
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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.
President Trump has long supported a direct line from Alberta’s oil fields to the Midwest.
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The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.
