No Solution at G-20 Many are hoping that a meeting between Chinese President Xi Jinping and U.S. President Donald Trump at the end of this week at the G-20 meeting in Buenos Aires will bring an end to the trade war. Following are the two countries’ latest positions:
Chinese Deputy Commerce Minister Wang Shouwen announced that updates to the global trading rules will be acceptable if they don’t apply to his country. He said that China must continue to be treated as a developing nation with obligations commensurate with that status, including entitlement to special and differential treatment. There should be no discrimination against state enterprises. Meanwhile, he demanded new disciplines on rich countries’ agriculture...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
