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Retailers Welcome Progress on Trade, say Administration has Listened to Concerns
The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French after the Trump administration announced that a scheduled tariff hike from 25 percent to 30 percent on $250 billion worth of goods from China will not take place next week as negotiators finalize a tentative trade deal.
“Retailers are encouraged by the progress made between the United States and China and are pleased that the administration has listened to the concerns of the business community as the trade war takes an increasing toll on the American economy. The decision to delay planned tariff hikes is...
A Hard Landing for Some: US Trade Tariffs on EU Agricultural Products
On Wednesday, October 2, the WTO ruled in favor of the US in a long running trade dispute over illegal government support to European aircraft builder Airbus. It allowed the US to impose tariffs on USD 7.5bn worth of products from the EU-28. The tariffs proposed are not a broad list focused on the whole European agricultural sector, rather it targets specific countries and product categories. For example, in 2018, almost 80% of US wine imports in value terms were imported from the EU-28. Not only do US consumers favor European wines, they also have a taste for whiskies, olive oil and dairy products from the region.
Alcoholic Beverages: French and Spanish Wine Impacted Most, Followed by Scottish Single Malt Whiskies
The US accounts for around 18% of French and 12% of Spanish wine exports in value terms. Even if sparkling wines and those with over 14% alcohol content are...
Retail Imports to See Surge Ahead of December Tariffs
Imports at the nation’s major retail container ports are expected to hit their highest level of the year again next month just before more tariffs take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“This is the last chance to bring merchandise into the country before virtually everything the United States imports from China comes under tariffs,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers are doing all they can to mitigate the impact of tariffs on their customers. The effect on prices will vary by retailer and product during the holiday season, but ultimately...
NCBA Statement on Trade Agreement with Japan
National Cattlemen’s Beef Association (NCBA) President Jennifer Houston today issued the following statement after attending a White House ceremony in honor of the bilateral trade agreement between the United States and Japan that will lower Japan’s massive tariffs on U.S. beef.
“I was deeply honored to attend the ceremony at the White House where we celebrated a bilateral trade agreement with Japan. As the top market for U.S. beef exports, Japan accounts for one quarter of our exports and roughly $2 billion in annual sales. As a beef producer, I understand the value of exports to my bottom line, and President Trump understands that increased access to foreign markets like Japan is the economic stimulus we need. We are grateful for President Trump’s leadership and for the hard work of...
August Exports Strong for U.S. Pork; Beef Exports Below Last Year
U.S. pork exports continued to post very strong results in August, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), while beef exports were below the record-large totals of August 2018.
August pork exports increased 22% from a year ago to 221,586 metric tons (mt), while export value climbed 19% to $588.8 million. These results pushed January-August export volume 4% ahead of last year’s pace at 1.7 million mt, while value increased 1% to $4.35 billion.
Pork export value averaged $54.18 per head slaughtered in August, up 22% from a year ago. For January through August, the per-head average was down 2% to $51.70. August exports accounted for 27.1% of total U.S. pork production and...
EU Beef Exports to Korea Resume After Almost 20 Years
After almost 20 years, the Republic of Korea lifted its import restrictions on beef and beef products from some European Union Member States. Producers from Denmark and the Netherlands are the first ones to be able to resume exports.
Commissioner for trade, Cecilia Malmström, said: “Trade isn't just about doing trade deals. After many years of hard work this announcement means that Dutch and Danish farmers gain a new market to sell their beef. Once again the EU is delivering for our agricultural sector.”
Commissioner Vytenis Andriukaitis, in charge of health and food safety, welcomed this announcement, stressing that “this is another sign that trade partners acknowledge that the battle against BSE has been won and...
NCC Applauds Signing of US-Japan Trade Deal
The United States and Japan outlined initial details of a trade deal as the countries work on details of a broader agreement in the coming months.
Under the agreement, frozen U.S. poultry will be among the agricultural products that will benefit from staged tariff elimination.
“Under the U.S.- Japan Trade Agreement, frozen chicken products will receive favorable tariff reductions enabling our products to compete more effectively with those countries in...
U.S. Pork Producers Seeking Expanded Export Opportunities
The U.S. pork industry ships more product to the 20 countries covered by free-trade agreements than we do the rest of the world combined. Therefore, expanding export opportunities through trade agreements remains a top priority for U.S. pork producers, National Pork Producers Council (NPPC) Director of International Affairs Maria Zieba said today at a Global Business Dialogue event in Washington, D.C.
NPPC was very pleased this week when the U.S. and Japan signed a trade agreement, returning U.S. pork to a level playing field in one of its most important export markets. With a trade deal in place with Japan, NPPC is focusing on trade agreements with...
NCBA President Jennifer Houston Testifies on State of Cattle Industry
Jennifer Houston, President of the National Cattlemen’s Beef Association, testified about the current state of the cattle industry before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry.
Topics ranged from the effects of the recent fire at a Tyson beef processing facility in Kansas to the pending reauthorization of the Commodity Futures Trading Commission (CFTC) and Mandatory Price Reporting to implementation of the 2018 Farm Bill.
“I want to start by thanking you, Chairman (Pat) Roberts and other members of the committee who have been helpful over the last few weeks as we have dealt with the recent fire at...
NPPC Officers Join President Trump for Japan Trade Pact Signing Ceremony
President Trump and Japanese Prime Minster Abe signed a trade agreement that will once again allow U.S. pork producers to compete on a level playing field in Japan. NPPC President David Herring and President-Elect Howard “A.V.” Roth joined President Trump for the signing of the agreement in New York during the United Nations General Assembly meeting.
“I am honored to represent U.S. pork producers at a signing ceremony so important to my fellow hog farmers around the country,” said Herring, a pork producer from Lillington, North Carolina. “We’ve seen market share declines in Japan, historically our largest value export market, since the start of the year when international competitors gained...
National Turkey Federation Testifies on Capitol Hill
Today, Ron Kardel, Vice Chairman of the National Turkey Federation, testified before the Senate Agriculture Committee on Capitol Hill. Kardel updated the Committee on the state of the turkey industry, including topics such as exports, disease prevention and response, immigration, and research concerns. Kardel began with thanking the Committee for the opportunity, informing those at the hearing that there were more than 244 million turkeys raised in the United States last year. Kardel added that the USDA projects 5.8 billion pounds of turkey production to take place this year. The turkey industry generates 441,000 jobs, and in order to support these jobs, Kardel explained that policies coming out of Washington must maintain America's ability to thrive. Kardel spoke on behalf of the turkey industry when he expressed the anticipation of working with Congress and the Committee to address these issues.
Kardel mentioned the importance of exports to the turkey industry, stating that expanded trade would lead to significant growth and reducing uncertainty is imperative. Therefore, Kardel strongly urged Congress to pass the USMCA this fall, as this should not be a partisan issue. Kardel mentioned that the turkey industry has a fantastic relationship with...
Former Agriculture Secretaries Announce Support for USMCA
All former U.S. Secretaries of Agriculture since President Reagan’s Administration announced support for the United States-Mexico-Canada Agreement (USMCA). In a letter to Congressional leaders, former Secretaries John Block (Reagan), Mike Espy (Clinton), Dan Glickman (Clinton), Ann Veneman (W. Bush), Mike Johanns (W. Bush), Ed Shafer (W. Bush), and Tom Vilsack (Obama) underscored the importance of passing USMCA saying, “We need a strong and reliable trade deal with our top two customers for U.S. agriculture products. USMCA will provide certainty in the North American market for the U.S. farm sector and rural economy. We strongly support ratification of USMCA.” Following the announcement, Secretary Perdue issued this statement:
“President Trump has fulfilled a promise, which many said couldn’t be done, to renegotiate NAFTA and improve the standing of the entire American economy, including...
Rabobank: Poultry Q4 2019 Outlook
Global poultry markets are expected to see some recovery in the coming months. However, this will be under fragile conditions. Key concerns are the ongoing oversupply situations in many global markets, like the EU, US and South Africa. Actually, only disease-affected China and Mexico, and Brazil (due to the combination of supply reduction and improved export demand), are performing relatively well. Other markets are suffering from oversupply.
Therefore, more disciplined supply should be the key to returning to profitability for the global poultry industry in 2H 2019. Notable positives are the expected ASF-related strength in pork prices, and the limited feed price upside risks, given the relatively good feed grain supply position expected in...
August Retail Sales Grew 4.1 Percent Over Last Year but New Tariffs Present 'Downside Risk'
Retail sales were up 0.4 percent in August seasonally adjusted from July and up 4.6 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.
“While consumer attitudes about the economy indicate some retreating optimism, the bottom line is that consumer spending remained resilient in August and continued to be a key contributor to U.S. economic growth,” NRF Chief Economist Jack Kleinhenz said. “Trends remain strong, but August grew somewhat slower than July, which could reflect consumers’ concerns about the unpredictability of trade policy. It is too early to assess the impact of the new tariffs that took effect at the beginning of this month, but...
NPPC Statement on China Market Access
Chinese media reported that it was suspending the imposition of punitive tariffs on U.S. pork imports. The following is a statement from National Pork Producers Council President David Herring, a pork producer from Lillington, N.C.:
“If media reports are accurate, this is a most welcome development. The Chinese have placed punitive tariffs of 60% on most U.S. pork products, bringing the effective tariff rate on most U.S. pork to 72%.
“According to Iowa State University economist Dermot Hayes, the Chinese retaliation on U.S. pork has shaved $8 off the price of every hog sold in the United States for well over a year. Most of our competitors face only a...
China to Exempt U.S. Pork, Soybeans from Additional Tariffs -Xinhua
China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China's official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war.
The United States and China have both made conciliatory gestures, with China renewing purchases of U.S. farm goods and U.S. President Donald Trump delaying a tariff increase on certain Chinese goods.
China had imposed three rounds of additional tariffs on U.S. pork, including 25% increases in April and July 2018 and a 10% bump this month, raising the total duty from...
Pork Producers Urge Congress to Ratify USMCA and Support Measures to Prevent Foreign Animal Disease
Congressional ratification of the U.S.-Mexico-Canada trade agreement (USMCA), allowing the U.S. pork industry to maintain zero-duty market access to two of its largest export markets, remains a top priority for the National Pork Producers Council (NPPC). More than 120 pork producers from across the country helped spread this and other messages on Capitol Hill this week during NPPC’s Fall Legislative Action Conference (LAC).
“Last year, Canada and Mexico took over 40 percent of the pork that was exported from the U.S. and they are expected to be a large percentage this year as well,” said NPPC President David Herring, a pork producer from Lillington, N.C. “USMCA will strengthen...
Sold-Out Global Protein Summit a Smash Hit in Chicago
Cattlemen Participate in White House Event Spotlighting Federal Overreach
EPA, USDA Announce Agreement on Promoting Biofuels
Rabobank: A Global Update on African Swine Fever
Throughout the World, Convenience Stores Are a Rapidly Growing Venue for U.S. Red Meat
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