Trade

Continuing Momentum of Free Trade Agreements Welcome News for Soybean Growers

Trade negotiations are officially on the horizon with the European Union, Japan and the United Kingdom, continuing the momentum generated by a bilateral deal with South Korea (KORUS) and a renegotiated NAFTA agreement with Mexico and Canada, now the USMCA. The American Soybean Association (ASA) has consistently requested a negotiated solution to the trade war … Read More »

New ‘NAFTA’ Announced: Soybean Growers Pleased Administration has Reached Deal with Canada and Mexico

The Administration’s announcement that it has reached an agreement with Canada, bringing to fruition a trilateral trade agreement including Mexico, is welcome news for soy growers. Once approved by Congress, a finalized U.S.-Mexico-Canada agreement will bring stability back to the North American markets. Under NAFTA, U.S. soy exports to Canada and Mexico were almost $3 … Read More »

Soy Family Participates in Taiwan Goodwill Mission and Signing Ceremony

U.S. soybean farmers have been present and active developing demand and utilization of soy in Taiwan for nearly 50 years. During a Washington visit this week, Yau-Kuen Hung, chairman of the Taiwan Vegetable Association and Wade Cowan, past president of the American Soybean Association, signed a commitment by the Taiwan soy industry to purchase an … Read More »

Soy Leaders Talk Trade in the News

Here’s a look at soy leaders talking trade in the news this week: ASA Concerned About Long-Term Consequences Of Trade War  ASA Using #NeedNAFTA To Promote Trade  Trade War May Impact 2019 Soybean Plantings

Escalating Trade War with China Will Increase Damage to American Soybean Farmers

The Administration’s decision to impose 10 percent tariffs on an additional $200 billion in Chinese imports—and China’s subsequent retaliation on $60 billion of U.S. products—deepens and prolongs the trade war between the two countries, posing even more adverse consequences for American soybean farmers. Davie Stephens, a soybean grower from Clinton, Kentucky, and American Soybean Association … Read More »

Additional Tariffs on China Will Escalate Effect on American Beans

President Donald Trump announced this week that the U.S. will impose 10 percent tariffs on an additional $200 billion in Chinese imports next Monday. That 10 percent is slated to rise to 25 percent in January. China has already vowed to retaliate, and the President has said that, should it do so, he would impose … Read More »

Soy Grower Attends White House Roundtable on Trade

American Soybean Association (ASA) Chairman Ron Moore, a soybean grower from Roseville, Ill., attended a roundtable at the White House this week to discuss the impact of tariffs imposed by other countries on U.S. agricultural exports. Attending the meeting from the Administration were U.S. Trade Representative (USTR) Agricultural Trade Negotiator Ambassador Gregg Doud, U.S. Department … Read More »

Soybean Farmers Applaud Plan to Address Short-Term Tariff Impact

Soybean Farmers Applaud Plan to Address Short-Term Tariff Impact Growers to receive payments for 2018 production to offset impact of China tariff U.S. soybean farmers reacted positively to the release by the U.S. Department of Agriculture of details for a plan to offset the short-term impact of tariffs on U.S. agricultural exports, including a 25 … Read More »

NAFTA Progress Promising for U.S. Soy, Livestock Exports

NAFTA Progress Promising for U.S. Soy, Livestock Exports Mexico talks swing in a positive direction, bringing trade agreement closer to reality, boding well for future agreements to expand soy and livestock markets Washington, D.C. August 27, 2018. Renewal of the North American Free Trade Agreement, or NAFTA, is looking more promising after President Trump announced … Read More »

Soybean Farmers Return to DC to Drive Home Their Message: We Need Long-Term Solutions to the Trade War

Returning to Washington just weeks after their July Board of Directors meeting, grower leaders from the American Soybean Association (ASA) met again with officials at the U.S. Department of Agriculture (USDA) and Members of Congress to consider options for offsetting the long-term damage from China’s retaliatory tariff on American soybeans. John Heisdorffer, a soy grower … Read More »