Despite the trade truce, Washington insiders believe the announcement will still come out this week. USDA Secretary Sonny Perdue is speaking Monday in Chicago, so that news could hit as early as Monday.
As trade trumps most market news today, Andy Shissler of S&W Trading said juggling all these trade deals at once can be viewed as a game of dominos. China will be the last domino to fall, but it will take time.
Japan is set to restore tariffs on frozen beef from the United States and other countries to usual levels from April 1, ending a hike put in place eight months earlier to protect domestic producers as an emergency.
Sonny Perdue, as U.S. Secretary of Agriculture, may be the most aggressive enforcer of President Donald Trump’s pro-business and deregulatory agenda that the fewest Americans, outside agriculture, have ever heard of.
On Wednesday, U.S. farmers got the news they had been fearing for months. China announced plans for retaliatory tariffs against American soybeans, the nation’s No. 2 crop. Farmers from across the Midwest comment.