WASHINGTON — The Trump administration says it reached trade agreements with several countries that could lower the price of bananas, coffee, and chocolate for Americans. Framework agreements, released by the White House on Nov. 13, commit the United States to removing President Donald Trump‘s reciprocal tariffs on certain exports that cannot be grown, mined, or…
Bloomberg’s Ben Westcott reported that “China’s purchases of American soybeans appear to have stalled, less than two weeks after the US touted a wide-ranging trade truce that signaled thawing relations between the world’s two biggest economies.” “After a flurry of orders late last month — which were the first of this season — Chinese imports of…
New York — Consumer sentiment dropped to a three-year low and close to the lowest point ever recorded by the University of Michigan one month into the government shutdown, with pessimism over personal finances and anticipated business conditions weighing on Americans. The November survey showed the index of consumer sentiment at 50.4, down a startling…
Tennessee soybean farmers are cautiously optimistic that China will begin buying U.S. soybeans again, after President Donald Trump announced cuts to U.S. tariffs on China after meeting with President Xi Jinping Oct. 30. The Trump Administration announced that China has agreed to resume buying American-grown soybeans. Soybeans are the top commodity grown in Tennessee, based…
Chicago soybean prices reached a 15-month high following news of a trade truce with China. China has agreed to purchase tens of millions of tons of U.S. soybeans over the next few years. The deal could help Chinese demand for U.S. soybeans return to previous levels by the 2026/27 season. Chicago soybeans hit a 15-month…
Federal Reserve Chair Jerome Powell poured cold water on hopes for a holiday rate cut, dialing back expectations as the labor market cools and inflation persists. Powell said a December cut is far from guaranteed. Even as the central bank on Oct. 29 trimmed its benchmark federal funds rate to a range of 3.75% to…
Buenos Aires, Argentina — Markets in Argentina rallied, the peso surged and the country’s sovereign bonds jumped on Monday as libertarian President Javier Milei hailed his party’s resounding victory in midterm congressional elections as a mandate to press forward with radical free-market reforms. Investors recovered confidence in the chronically depreciating Argentine peso that they were…