The ag sector is keeping a close eye on potential port fees targeting Chinese-built ships. While it aims to strengthen the administration’s “America first” trade agenda, many are concerned it could result in increased costs for U.S. farmers.
CEO of the World Shipping Council, Joe Kramek spoke with RFD-TV’s own Suzanne Alexander on testifying at the USTR hearing, ripple effects on farm exports, and what this will mean for the ag economy.
Related Stories
China’s pledge is supportive, but producers need confirmed sales and shipments before counting it as stronger export demand.
Grain movement remains active, but high ocean freight and diesel costs continue to pressure export logistics.
The Meat Institute says meat sales reached a record $112 billion last year as protein demand remained strong nationwide.
National Potato Council CEO Kam Quarles says potato wart could have devastating consequences for U.S. growers and export markets.
Trade officials discussed export growth, biofuel opportunities and market access during the National Restaurant Association Show.
Current estimates are already hovering around 80 weeks.