7/11/2018 8:05:00 AM/Categories: Popular Posts, General News, Today's Top 5, People in Ag, Livestock, Grains, National News, International
The White House on Tuesday said it would assess 10% tariffs on a further $200 billion in Chinese goods, but they won't take effect for at least two months, giving time for public comment.
The new round of tariffs comes on top of two others ($34 billion which went into effect Friday and another $16 billion to follow). President Trump’s latest action will hit consumer products such as televisions, clothing, bedsheets and air conditioners, which were spared from the first import levies on Friday. Tuesday’s announcement included a 205-page public notice and list of the individual products that could be hit by the new 10% tariffs.
President Trump asked the U.S. Trade Representative (USTR) on June 18 to consider an additional $200 billion in tariffs after China said it would pursue retaliation if the U.S. made good on its threat of duties on Chinese imports.
USTR said Tuesday it will hold public hearings August 20-23 on the products and goods it proposes to impose tariffs on. A final decision on the tariffs will be made after August 30.
China reacted angrily, calling the move a “totally unacceptable” escalation and vowing to roll out unspecified countermeasures.
DTN's Washington Insider
The Montana Cowboy Hall of Fame and Western Heritage Center announced their inductees for 2018.
WATCH: Ranchers took to Main Street in Bozeman this past weekend to share agriculture's story ahead of the viewing of a vegan documentary and discussion panel on the MadisonFood Park. Ranchers were disappointed that they were unable to be apart of the discussion panel on the processing facility. Organizers of the event explained that they felt threated by the ranching community on social media in regards to the event. Watch the above clip for more on this story.
Rangeland education program offers hands-on experience to prove there's more to ranching than cows.
India and the United States are currently in negotiations on a trade package. Washington and New Delhi are looking to remove some long-standing disagreements between the two countries that would strengthen ties.