Oliver Ward

Seoul, Washington at odds on agriculture, $350 bn fund ahead of summit Seoul, Washington at odds on agriculture, $350 bn fund ahead of summit

South Korean media reporting this morning that there is a divergence in US and SK officials' descriptions of what both parties agreed to on ag market access.

www.chosun.com/english/nati...

Trump may have missed the lesson from Canada that wielding tariffs to influence foreign countries' domestic policy only helps the defiant incumbent. @economist.com chart, via @pkrugman.bsky.social

BRB, just heading into a toxic workplace where everyone is pissed off with everyone.

Sen. Rand Paul speaking about the IEEPA tariff case at CATO: An emergency with 140 countries has "got to be a pretty loose definition of emergency. I think they're going to lose... I think there's a constitutional reason against it, and I think there's ... a statutory reason they may fail."

Senate Dems ready Brazil tariff challenge as Trump signs order Senate Democrats are ready to force a vote on President Donald Trump’s tariff agenda if he raises tariffs on Brazilian goods.

More here: www.agri-pulse.com/articles/232...

Sen. Tim Kaine told me this morning he will absolutely challenge the new IEEPA declaration for the Brazil tariff hike.
As soon as the notification lands in the Senate, “I'll either file it that day or I'll announce that I'm going to file it,” he said.
This could tee up a floor vote for Sept.

Commission President Ursula von der Leyen says that certain ag products will be included in a "zero-for-zero" tariff arrangement with the US. Suggests the scope remains in limbo, though. Asked whether wines and spirits might be included, she told reporters: "There's no decision on that one."

wind turbines are not windmills pass it on

Washington Week Ahead: Trump’s tariff looms; senators probe USDA reorganization Higher country-specific reciprocal tariffs that were unveiled on April 2 but postponed for 90-days to allow breathing room for negotiations are set to snap back into place on Friday. The Senate Ag Com...

Packed week ahead for ag trade with a key tariff deadline approaching, U.S.-China trade talks, an appeals hearing on the president's use of IEEPA to impose tariffs, and a fact-finding hearing at the ITC on milk proteins.
www.agri-pulse.com/articles/232...

Trump officials preparing list of ag products for potential tariff carveouts Trump administration officials are compiling a list of agricultural products that could receive exemptions from President Donald Trump’s so-called reciprocal tariffs, according to three people familia...

SCOOP: Trump officials preparing list of ag products for potential tariff carveouts
www.agri-pulse.com/articles/232...

A good innings? The biggest winners in the UK-India trade deal The U.K. has managed to chalk up a fair few wins, with some stand-out sectors emerging triumphant.

Worth noting the UK-India trade pact signed today will see India lower tariffs on UK whisky from 150% to 75%. That's now lower than the 100% applied to US bourbon -- which Trump secured earlier this year.

Great write-up from @glanktree.bsky.social
www.politico.eu/article/bigg...

👀👀From yesterday, but FAS says Chinese importers of U.S. ag products are struggling to submit applications for exemptions to the retaliatory tariffs imposed under Trump's first term. Beijing stood up an exclusion process as part of the implementation of the Phase One deal.

US and EU close in on 15% tariff deal [FREE TO READ] Agreement would mirror accord with Japan

💥 EU and US close in on 15% tariff trade deal that would mirror agreement struck with Japan

By the one and only @andybounds.bsky.social

on.ft.com/4fa5N1k

Tomato suspension agreement backers see paths to tariff reversal Critics of the Trump administration’s decision to nix an antidumping duty détente with Mexico and impose new tariffs on tomato imports see multiple avenues for getting the tariffs lifted and aren’t gi...

Tomato suspension agreement backers see paths to tariff reversal
www.agri-pulse.com/articles/232...

A picture of a vending machine filled with books with a sign saying “Read Local!” Imposed upon the DC flag

They made a book vending machine God Bless the District of Columbia

I interviewed Callahan on all things ag trade on stage at Agri-Pulse's Ag & Food Policy Summit in March. For anyone interested, recording is here: www.agri-pulse.com/media/videos...

👀 Trump nomination to the Senate 👀

Second EU retaliation package would hit more than $7 billion in ag exports A second tranche of retaliatory tariffs under consideration by the European Union would hit more than $7 billion in annual U.S. ag exports, according to a copy of a list obtained by Agri-Pulse.

Second EU retaliation package would hit more than $7 billion in ag exports
www.agri-pulse.com/articles/232...

Trump trade adviser Peter Navarro at the Hill Nation Summit just now: "Let's be clear, the trade deals are tariffs... Indonesia is a microcosm of what we're trying to do.... The bigger our trade deficit with the country. The more they've got to eat the tariffs."

Why Denmark thinks it has the solution to livestock emissions Denmark and a preeminent farm industry group believe they have a replicable model for other countries seeking to cut agricultural greenhouse gas emissions. But some Europeans are doubtful.

Denmark thinks it has a model for slashing ag emissions, but others in the EU doubt its scalability. My latest.
www.agri-pulse.com/articles/232...

Commerce is pressing ahead with its decision to withdraw from the tomato suspension agreement with Mexico tonight, despite an eleventh-hour full-court lobbying press from those pushing for a delay (see here: www.agri-pulse.com/articles/231...)

Former Trump trade officials have repeatedly stressed that it is a mistake to look at the tariffs purely as a negotiating gambit & warned that the president genuinely believes in tariffs as a policy end, not just a means to an end. This is what they've long known.

Washington Week Ahead: Senate GOP wrestles with rescissions package under Trump pressure Senate Republicans face a critical test of their loyalty to President Donald Trump as they head toward debate on a $9.4 billion package of funding cuts to foreign assistance and public broadcasting th...

Ahead of another busy week with a likely rescissions vote, a tomato suspension agreement deadline and more fallout from Trump's tariff letters, read my preview on what's to come
www.agri-pulse.com/articles/231...

👀

Farm-state senators see opportunity in Brazil tariffs Some farm-state lawmakers are eyeing potential opportunities for the U.S. agricultural sector should President Donald Trump follow through on his threat to impose steep new tariffs on Brazil.

Along with beef and coffee, Brazil sends sugarcane and beef tallow to the US that can go into biofuel -- as well as exporting finished ethanol. Farm state senators see opportunities for domestic biofuel feedstock producers if Trump presses ahead with tariffs.
www.agri-pulse.com/articles/231...

Lobbying around Mexican tomato dispute ramps up as key deadline nears Advocates in favor and opposed to impending tariffs on Mexican tomatoes have ramped up their lobbying efforts in recent days and weeks, with supporters of an agreement to suspend duties optimistic tha...

Lobbying around Mexican tomato dispute ramps up as key deadline nears
www.agri-pulse.com/articles/231...

USDA suspends Mexican livestock imports days after port reopening The Agriculture Department said Wednesday evening that the U.S. would be closing the southern border to livestock trade, effective immediately, after reports that New World screwworm has resumed its n...

Read more here: www.agri-pulse.com/articles/231...

USDA ends livestock imports across the southern border just days after it resumed imports at a sole port of entry in AZ. It had planned to reopen a further 4 entry locations in the coming months, but a new screwworm case just 370 miles from the US border "severely compromises" that plan, USDA says.

US tariffs: Lesotho declares state of disaster amid US tariff uncertainty Lesotho faces tariffs of 50% - higher than any other country because of its large trade surplus with the US.

Lesotho, facing higher Trump tariffs than any other country (50%), has declared a national state of disaster over the country's "high rates of youth unemployment and job losses".

Deputy PM Nthomeng Majara said the state of disaster would last until 30 June 2027.

www.bbc.co.uk/news/article...

Trump's tariffs, a boon to airmiles accounts everywhere (from @bloomberg.com)