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China is considered the motherland of aquarium goldfish, bred over centuries into rare forms. Now tariffs have some U.S. sellers of these goldfish in a tailspin.
As part of the deal, the next round of 30% tariffs will not be imposed. More agriculture trade between the two countries is expected.
China’s economic growth has been slowing down for years. Tariffs have contributed to slower growth since early 2018, when the economic standoff began, but it’s hard to pinpoint how much.
China says it will slap tariffs on autos and thousands of other U.S. goods. It’s an escalation of a trade war that has rippled through the world economy and raised U.S. recession fears.
The Trump administration is postponing some tariffs on Chinese imports set to take effect on Sept.1. Tariffs on laptops, cellphones, some clothing and other items are now set to begin Dec. 15.
Stocks resumed their slide, amid escalating fears that the U.S.-China trade war will further damage a worldwide economy that’s already slowing. Central banks in Asia and New Zealand cut rates.
The Trump administration has released details of a $16 billion plan to compensate farmers who’ve lost money as a result of the trade dispute with China. Some economists say it’s too generous.
Under pressure from Florida lawmakers, the Trump administration is taking steps to protect domestic tomato growers from Mexican competition.
As Some Midwest Farmers Struggle With Historic Flooding, Ohio Valley Ethanol Producers See Profit Boost
Mick Henderson runs the Commonwealth Agri-Energy ethanol plant in west Kentucky. He said the past year for U.S. ethanol producers, including in the Ohio Valley, has been rough. “We’ve just passed our 15th anniversary just now, and this is going to be one of our weakest years,” Henderson said. Ethanol prices have been down the… Read More
As President Donald Trump addressed farmers at a national conference Monday Ohio Valley agriculture leaders said they are standing by his effort to renegotiate trade deals. But some leaders cautioned that costly tariffs on farm products need to end soon. President Trump doubled down on his fight for better trade deals during his speech to American Farm… Read More