Rocky Mountain Voice

Tag: China Trade

America overtakes China in Uruguay beef market shift
The Fence Post, Approved, National

America overtakes China in Uruguay beef market shift

By Hagstrom Report | The Fence Post The United States is set to overtake China as Uruguay’s top market, fueled by firm demand and strong FOB (free on board) prices, while China’s dominance continues to erode after more than a decade at the top, the Agriculture Department’s Foreign Agricultural Service reported today. “The industry is also keeping a close watch on potential ripple effects from the U.S.-Brazil trade dispute,” FAS added. “In 1995, the United States allocated Uruguay a tariff rate quota of 20,000 tons product weight a year at a low tariff of $44 per ton. All exports outside the quota pay 26.4% tariff. The U.S. government recently increased Uruguay’s import duties 10 percentage points on all products, including beef. At the same time, the United States increased Brazil’s ...
U.S. gets rare earths, China gets 55% tariffs under Trump trade pact
Approved, National, THE HILL

U.S. gets rare earths, China gets 55% tariffs under Trump trade pact

By Brett Samuels | The Hill President Trump said Wednesday his administration reached a tentative agreement on a trade truce with China following talks between the two sides in London. As part of the agreement, which Trump said was pending his approval and the approval of Chinese President Xi Jinping, China will supply “full magnets, and any necessary rare earths,” Trump said on Truth Social. Trump indicated the U.S. would impose 55 percent tariffs on Chinese goods, while China would impose a 10 percent tariff on U.S. products. “Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!),” Trump posted, describing the relationship between the two sides a...
After Xi–Trump call, China pushes ‘consensus’ language in trade talks
Approved, denvergazette.com, National

After Xi–Trump call, China pushes ‘consensus’ language in trade talks

By Yukun Zhang and Liz Lee | Reuters via Denver Gazette BEIJING (Reuters) -China's Vice Premier He Lifeng said China and the United States should strengthen consensus and maintain communication, state news agency Xinhua reported on Wednesday, after the two countries agreed to get a delicate trade truce back on track. U.S. and Chinese officials, including He, concluded two days of negotiations in London on Tuesday to resolve key trade issues in the two superpowers' bruising tariff war, including on a raft of export control measures that have hobbled global supply chain. The two sides should use their consultation mechanism to further "build up consensus, reduce misunderstandings and strengthen cooperation", He was quoted as saying by Xinhua, describing the talks as candid and in-de...

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