Trade

Maayan Silver

It’s been more than a year since the U.S. and China became entangled in a trade war.

A small percentage of Wisconsin manufacturers export their products to China. But a much larger portion import Chinese components for their products or assemble their products in China and get them shipped here.

One Milwaukee business that imports from China is Fyxation Bicycle Company. Owner Nick Ginster says the tariffs have significantly hit the Riverwest business.

Alex Wong / Getty Images

President Donald Trump's agriculture secretary said Tuesday during a stop in Wisconsin that he doesn't know if the family dairy farm can survive as the industry moves toward a factory farm model.

U.S. Agriculture Secretary Sonny Perdue told reporters following an appearance at the World Dairy Expo in Madison that it's getting harder for farmers to get by on milking smaller herds.

Chuck Quirmbach

Wisconsin Gov. Tony Evers is heading to Japan on Friday. This is his first international trade mission since being elected. He's scheduled to visit Tokyo, Yokohama and Chiba City. He's also planning to attend this year's Midwest U.S. -Japan Association conference, along with some other governors.

Evers' trip continues Wisconsin's long association with Japan. That connection got a big boost in 1973 when a Japanese firm, Kikkoman Foods, began making soy sauce in Walworth.

A standard river barge can hold about the same amount as 60 semitrucks. In early June, 642 of them had floated to a standstill near American Commercial Barge Line's office outside Cairo, Ill.

"That's just me. That's not the other fleets in the area," said Mark Glaab, facility manager there. "That's just ACBL."

Updated at 11:15 a.m. ET Tuesday

U.S. trade negotiators opened a new round of talks in China on Tuesday. But there appears to be little pressure for a settlement, even as the year-old conflict begins to weigh on the global economy.

"We'll see what happens," President Trump told reporters Tuesday. "We're either going to make a great deal or we're not going to make a deal at all."

Maayan Silver

Wisconsin farmers are already juggling increasing tariffs on goods to and from China. In the meantime, last week, President Trump announced that he'll steadily increase tariffs on all Mexican goods imported to the U.S. because of, what he perceives as, Mexico’s failure to stem illegal immigration.

Maayan Silver

Trade talks between China and the United States fell apart a few weeks ago. Now, the two countries are promising to levy new tariffs on each other’s goods. One commodity caught in the crosshairs: American-grown ginseng root.

President Trump will hold off raising tariffs on hundreds of billions of dollars in Chinese imports, after what he called "very productive" trade talks in Washington this weekend.

Tariffs had been scheduled to jump from 10 to 25 percent next Saturday. But Trump agreed to postpone that increase in hopes of negotiating a more comprehensive trade agreement.

Quebec Representative Urges Caution On Tariffs

Dec 3, 2018
Canadian National Railway Company

Of all the employment statistics in Wisconsin, this one might be the most surprising: 16,000 workers in Wisconsin are employed by companies based in Quebec. The companies for which many of them work are well-known names — BMO Harris Bank, CN Rail and Saputo Cheese.

Updated at 5:40 p.m. ET

The United States and Mexico have reached an "understanding" on several critical trade issues following bilateral talks to renegotiate the North American Free Trade Agreement. They will now likely re-engage with Canada to reach a final deal on NAFTA, a primary goal of the Trump administration.

Speaking at the White House on Monday, President Trump said he wanted to change the NAFTA name to the U.S. Mexico Free Trade Agreement. He also reframed the negotiations as two bilateral trade deals.

In Wisconsin, some agricultural officials are playing the role of matchmaker. They're bringing together the state's cheesemakers with prospective international buyers for a unique speed-dating event, hoping, in part, to ease the tariff pain affecting Wisconsin cheesemakers. They are specifically targeting new markets in countries they don't usually sell to. It's especially timely because of retaliatory tariffs on dairy products from the U.S. by Mexico and China.

Janet Clark hopes to keep her dairy farm in the family. She inherited Vision Aire Farms from her parents, and now runs it with her younger brother.

The farm is idyllic, tucked away amid rolling green hills of corn and sunflower fields. One side of the farm holds a line of calves. They are individually fed by Clark's children and their cousins, playfully holding milk bottles for them to drink.

Maayan Silver

The Trump Administration announced Tuesday a $12 billion “short-term” plan to help U.S. farmers hurt by retaliatory tariffs. Agricultural officials say that the plan will involve direct payments to farmers. They also say it will involve the purchase of excess food, and trade promotion programs to help create new export markets.

President Donald Trump has come out heavily in support of his recent decisions to impose tariffs.

The Trump administration is coming to the aid of farmers hurt by its own hard-line trade policies, announcing Tuesday that it will make an estimated $12 billion in government assistance available, including direct payments to growers.

The money comes after farmers, especially soybean growers, have felt the brunt of retaliatory tariffs placed on agriculture by China and other nations that the Trump administration has penalized with tariffs on imports.

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