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The Trump administration has announced a number of deals with international trading partners as an August 1 deadline to make a deal looms. American Farm Bureau Federation economist Faith Parum, lauded trade deals recently reached saying, “The administration has announced trade deals with the UK, Vietnam, Indonesia, Japan and the EU, with many other negotiations still in the works.”
Parum noted, “Over 20 percent of what we grow is sold overseas, and every $1 in agricultural exports generates $2 at home. So, that’s jobs, incomes, and opportunities for rural communities.”
Experts expect additional deals the coming days, as several critical deadlines are approaching.
Trump pulls Russia into negotiations with India… Yes, there have been a number of success in trade negotiations, and the reach of U.S. ag and energy products is poised to lengthen. But India has been a tough nut to crack.
The Times of India reported earlier today, “US president Donald Trump on Wednesday announced that India will have to pay 25 percent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia.”
Separately, trade sources report India recently bought 150,000 metric tons of soyoil from China as Chinese crushers worked to drain a glut of bean oil in the country.
President Trump said on TruthSocial, “Remember, while India is our friend, we have, over the years done relatively little business with them because their tariffs are far too high.” Trump called India’s tariffs ‘obnoxious’ and disparaged India’s cozy relationship with Russia saying, “ALL THINGS NOT GOOD.”
Ethanol production in the week ended July 25 averaged 1.096 million barrels per day, up 18,000 barrels from the previous week, but 13,000 barrels behind the same week last year. Ethanol stocks in the week increased 272,000 barrels to a hefty 24.7 million barrels.
You can’t milk an almond… Today, Senators Baldwin (D-WI), Jim Risch (R-ID), Susan Collins (R-ME), and Peter Welch (D-VT) introduced the bipartisan Defending Against Imitations and Replacements of Yogurt, milk, and cheese to Promote Regular Intake of Dairy Everyday Act (DAIRY PRIDE Act) of 2025. The bill would ensure that plant-based products would be prohibited from using dairy terms such as milk, yogurt and cheese on product labels.
“We applaud Senators Baldwin, Risch, Collins and Welch for the introduction of this important Act to uphold the integrity and trust of American dairy products,” said Edge President and dairy farmer Heidi Fischer. “Preventing the misuse of dairy product names protects and enhances the confidence consumers have in the authenticity of the nutritious dairy products they buy. We encourage timely action on this bill to prevent further misleading product names on our grocery store coolers and shelves.” -source: Edge Dairy Farmer Cooperative news release