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Saturday 10 September, 2016 | RSS Feed

U.S. farm group fears impact of China's retaliatory tariffs on A

A farm lobbying group called Farmers for Free Trade released a national television advertisement, to warn the Trump administration the impact of retaliatory tariffs on U.S. agricultural products. U.S. President Donald Trump signed a memorandum last week that could impose tariffs on up to 60 billion U.S. dollars of imports from China and place restrictions on Chinese investments in the United States. China's Ministry of Commerce has announced a plan for reciprocal tariffs on imported U.S. products worth about 3 billion dollars.
The advertisement features Indiana soy and corn farmer Brent Bible whose soy operation, like similar producers, relies heavily on exports to China. "Today, we farm about 5000 acres (20.23 sq km) and raise primarily corn and soybeans," Bible said in the 30 seconds spot. "I'm supportive of the Trump administration, but I have a lot of concerns about current actions that have been taken on trade and tariffs." "The fact that China is our number one soybean customer makes us very vulnerable. Our farm and many others like ours will be one of the first casualties of a trade war," Bible said in the ad.
At the end of the ad, it reads: "President Trump. Keep our economy strong. Protect free trade." The message to the president will run for the next two weeks on cable news channels including Fox, CNN, and MSNBC. It will run in the D.C. and Florida markets. The ad will also run online and in agricultural publications across the country.




Kim Jong Un leaves Pyongyang for inter-Korean summit: KCNA

Kim Jong Un, the top leader of the Democratic People's Republic of Korea (DPRK), left here early Friday to attend the inter-Korean summit in Panmunjom, the truce village on the North-South border of the peninsula, said the Korean Central News Agency (KCNA). South Korean President Moon Jae-in and top DPRK leader Kim Jong Un are set to hold their first summit meeting on the South Korean side of the border village of Panmunjom on Friday. Kim will become the first DPRK leader to cross the border onto the South Korean soil since the end of the 1950-53 Korean War.
The official Rodong Sinmun daily has said in an article that the summit is a historic one and a major event in the national history of Korea and it demonstrates the determination of Kim to realize reunification with the south through the strength of national unity. On Thursday, the official daily again slammed South Korean conservatives for trying to derail the process of national reconciliation launched by DPRK since the beginning of the year.
A 41-year-old IT engineer who identified himself as Choy said that the summit is definitely a good thing. "It is starting to get better in inter-Korean relations, but there will be a long way to go," he told Xinhua. Kim Jong Un launched the process of reconciliation with South Korea in his New Year's speech, calling for improving relations and taking measures to end the military confrontation at the peninsula.
Afterwards, DPRK and South Korea cooperated in the PyeongChang Winter Olympics in February and exchanged visit of level delegations in March, warming up their relations and easing tension on the peninsula.




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