It has been a busy week with big shakeups in trade policy, and a lot has taken place over the last 24 hours.
As of right now, President Trump has hit pause, taking all country-specific tariffs down to 10 percent for 90 days, but that does not include China. He raised their tariff rate to 125 percent.
Other nations are already responding to the recent adjustments. Within the last few hours, the European Union announced a pause of their own. It came after the EU voted for new tariffs on U.S. steel and aluminum, which are now on the back burner.
Ag lawmakers say the tariff pause is a win for America, with Louisiana Senator John Kennedy saying he is confident the U.S. and China will soon reach a deal.
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ASA President Scott Metzger says soybean growers remain focused on trade, the Farm Bill, renewable fuels, and market stability as Congress weighs additional assistance for farmers and export opportunities.
RealAg Radio host Shaun Haney discusses what the exemptions could mean for U.S. agriculture and global trade.
Renewable Fuels Association CEO Geoff Cooper discusses record public support for year-round E15, congressional legislation, the Renewable Fuel Standard, 45Z guidance, and ethanol trade with Brazil.
Chip Nellinger says trade developments, growing beef supplies and investor activity are all contributing to the recent pullback in cattle prices.
For producers who depend on overseas markets, the lack of progress leaves uncertainty over future trade policies.
Economists say apparel production has become more diversified, but demand for U.S. cotton has not seen a major boost.
