Tag: exports

Virginia Saw Exports Soar to $5.1 Billion in 2022

The Center Square

Virginia’s agricultural and forestry exports soared to a  value of more than $5.1 billion in 2022, according to new data released this week by the Virginia Department of Agriculture and Consumer Services. 

China is the state’s top export destination by far, purchasing $1.45 billion in agricultural and forestry products in 2022. Egypt, Taiwan, Venezuela and Canada are also in the top five destinations for Virginia’s agricultural exports. Soybeans and soybean meal are the state’s top exports, followed by pork, poultry and tobacco, according to data from VDACS. 

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‘Reducing Europe’s Dependency’: Biden Strikes Deal to Boost Gas Exports to Europe

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President Joe Biden and his European counterparts struck a deal Friday to send more U.S. liquefied natural gas (LNG) to the European Union amid the ongoing global supply crunch.

The U.S. and European Commission, the executive arm of the EU, will form a joint task force with representation from both sides under the deal announced by Biden and European Commission President Ursula von der Leyen in Brussels on Friday. The task force will seek to increase energy security for the EU and Ukraine in the run-up to next winter and the following winter while working to end European dependence on Russian fossil fuels.

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Iowa Officials Laud Landmark Trade Deal Expected to Generate $200 Billion in U.S. Exports to China

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Local and national government officials and agricultural advocates are expressing their respective pleasure over Wednesday’s signing of the first phase of a sweeping trade deal between China and the United States.

Among the provisions of the deal are agreements from China to import an additional $32 billion in agricultural products; $80 billion in manufactured goods; $50 billion in energy products; and $35 billion in other services.

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Trump: US to Impose Higher Tariffs on Chinese Exports

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Donald Trump, Xi Jinping

  President Trump, looking to pressure China to speed up talks on a new trade agreement, says that starting Friday he will impose sharply higher tariffs on billions of dollars of Chinese exports to the United States. Trump said Sunday on Twitter, “For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results.” He said, “The 10% will go up to 25% on Friday. 325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!” ….of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No! — Donald J.…

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