Tag: Trade War

[2019] Trump’s trade wars were supposed to rescue US manufacturing and agriculture. But his policies have made them significantly worse.

Tina Marie (Ms. Cat)

Farmers have endured severe losses in Trump’s trade wars. Sales of soybean, pork, wheat, and many other agricultural goods to China are drying up, and the country is turning to alternatives like Brazil and Canada to fill the void.

The loss of export markets creates large hurdles for US farmers trying to re-enter them, according to Matt McAlvanah, the spokesperson for Farmers for Free Trade, a pro-trade advocacy group.

McAlvanah previously told Business Insider: “It’s very difficult to regain markets farmers have spent decades cultivating. These relationships are built over time, they’re built on trust — and when they go away overnight, they don’t come back overnight.
— Read on markets.businessinsider.com/news/stocks/trump-trade-wars-tried-rescuing-manufacturing-agriculture-worse-off-now-2019-12-1028741598

What started the US and China trade war?

Tina Marie (Ms. Cat)

There are both official and unofficial factors in the China trade war, which is now in a truce, Heritage Foundation policy analyst Riley Walters, who focuses on Asian economies and tech, told FOX Business.

“Officially, it’s intellectual property theft,” Walters said. “It’s the concern that either Chinese companies or government officials will coerce or demand American companies operating in China to transfer secrets. … Unofficially, it’s the trade deficit the U.S. has with China. I think this is the big concern for this administration.”

— Read on www.foxbusiness.com/markets/us-china-trade-war-trump-xi

[2019] U.S., China Further Talks on Cloud Access in Trade Deal

Tina Marie (Ms. Cat)

Drafts of the broader trade agreement now under discussion would give Beijing until 2025 to meet commitments such as allowing American companies to wholly own enterprises in China, people familiar with the talks said earlier. Those would be binding pledges that could trigger U.S. retaliation if unfulfilled, the people said.
— Read on www.bloomberg.com/news/articles/2019-04-10/u-s-china-said-to-further-talks-on-cloud-access-in-trade-deal

U.S. Revokes WTO Subsidy Preferences for Some Developing Nations

Tina Marie (Ms. Cat)

(Bloomberg) — The Trump administration is changing a key exemption to America’s trade-remedy laws to make it easier to penalize about two dozen so-called developing countries including China, India and South Africa. The U.S. on Monday narrowed its internal list of developing and least-developed countries in order to reduce the threshold for triggering a U.S. investigation into whether nations are harming U.S. industries with unfairly subsidized…
— Read on www.msn.com/en-us/finance/news/us-revokes-wto-subsidy-preferences-for-some-developing-nations/ar-BBZR0lu

Wisconsin governor helps dairy farmers hurt by Trump

Tina Marie (Ms. Cat)

In 2019, Wisconsin lost a record number of dairies, as 818 shut their doors for the last time. Dairies first saw trouble in 2018 when Trump initiated a months-long trade war with China. Due to retaliatory tariffs, U.S. dairy exports to China plunged by more than 50% in 2019, according to CNBC.
— Read on americanindependent.com/wisconsin-donald-trump-trade-war-tony-evers-executive-orders-dairy-farmers/

[2018] Governor Scott Walker’s Warning Letter to Trump about Trade Tariffs

Tina Marie (Ms. Cat)1 Comment

Governor Scott Walker’s Warning Letter to Trump about Trade Tariffs

Wisconsin Governor Scott Walker’s April 17, 2018 letter to President Trump warning of the devastating impact of Trump’s trade war with China on Wisconsin farmers.

Chinese Tariffs and Wisconsin Products

A release from the Wisconsin Governor’s Office that discusses the effect of Chinese retaliatory tariffs are having on Wisconsin’s economy, agriculture, and farmers.

Wisconsin Ginseng and Chinese Tariffs

A release from the Wisconsin Department of Agriculture that discusses the effect of Chinese retaliatory tariffs are having on Wisconsin’s economy, agriculture, and farmers.