All articles tagged with #us exports
During his visit to South Korea, President Trump secured billions in deals including aircraft purchases, energy agreements, technology investments, and maritime partnerships, all aimed at boosting American jobs, energy dominance, and technological leadership, reaffirming US-South Korea alliance and economic interests.
China has not purchased U.S. soybeans for two consecutive months for the first time in two decades, with no orders for the upcoming peak season, as part of ongoing trade tensions and retaliation measures, leading to a significant decline in U.S. soybean exports to China and increased sourcing from Brazil and Argentina.
The article criticizes Trump's trade policies, highlighting how his actions have devastated American soybean exports to China, leading to economic hardship for U.S. farmers, while Argentina and Brazil benefit from increased market share and government support, effectively betraying American agricultural interests.
Enterprise Products warns that the U.S. government's attempts to 'weaponize' ethane exports to China may backfire, as China seeks alternatives and U.S. exports are disrupted, potentially harming U.S. energy industry interests.
President Trump expressed a 50-50 chance of reaching a trade deal with the EU, contingent on the bloc lowering tariffs, which currently stand at 30%. The deal's success depends on EU willingness to reduce barriers to American exports, with potential retaliation if no agreement is reached. Trump is optimistic compared to previous negotiations with Japan and is also engaging in discussions with UK officials to fine-tune trade agreements, while spending time in Scotland.
US businesses, especially in the bourbon and apparel industries, are preparing for the potential impact of an all-out trade war, which could lead to decreased exports, consumer boycotts, and shifts in production strategies, following previous retaliatory tariffs that hurt American exports to Europe and Canada.
A Chinese rare-earth magnet manufacturer received export permits for the US and other regions, indicating a potential easing of US-China trade tensions, especially concerning critical materials vital for industries like automotive and defense. This follows high-level talks in London where both countries agreed on a plan to resume the flow of sensitive goods, though approvals are still pending from leaders.
The U.S. Department of the Interior approved a modification to extend the life of the Bull Mountains coal mine in Montana, allowing Signal Peak Energy to recover additional coal, supporting U.S. energy independence and strategic exports to Japan and South Korea, while balancing environmental and economic considerations.
China has made its largest single-day purchases of US soybeans in at least three months, providing some hope for the struggling US farm export. Chinese importers have bought around 10 cargoes, or approximately 600,000 metric tons, of soybeans for shipment between December and March. This comes as a relief for US farmers who have seen Brazil dominate the global soybean export market this year. The purchases have led to a jump in cash premiums for US soybeans at Gulf Coast terminals. While US prices have been hampered by shipping disruptions and competition from Brazil, they have become more competitive for shipments from December through March.