Richard Morrison is based out of the Informa Economics Washington, D.C. office, where he contributes to IEG Policy and other Informa Economics products and client services. He maintains a keen interest in the intersection of politics and economics, a passion of his since before college.
Since joining Informa, Richard has written extensively on the effect that government policy and market dynamics have on the agriculture and food sectors – in the US and globally. Being a Millennial, Richard leads the Washington news team in monitoring and developing items for social media.
He is a native of rural central Virginia and received his bachelor’s degree in economics from George Mason University.
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Latest From Richard Morrison
Another round of deputy-level US-China talks kicks off today in Washington with reports that the two sides are poised to strike an interim deal next month. Meanwhile, President Donald Trump is set to meet today at the White House with refining-state senators on proposed biofuel policy changes and China is releasing additional meat supplies from state reserves.
Lawmakers from both parties continue to push back on an effort by some House appropriators to place limits on additional funding for the Commodity Credit Corporation (CCC) – used to make trade aid and some farm support payments – as the House works to assemble a stopgap spending bill to keep the government open after October 1.
Several issues are continuing to delay the House consideration of a stopgap spending plan. Meanwhile, focus remains on the Federal Reserve which is expected to again trim interest rates following a two day meeting and the FDA is eyeing a new method for testing for sulfites in food.
US and Chinese trade negotiators will meet this week in Washington, DC, for deputy-level talks, with higher-level talks expected to follow amid recent moves signaling a modest deescalation in the ongoing trade war.
Work continues in the Senate on the ag spending plan and in the House on a stopgap continuing resolution (CR). Meanwhile, the White House notified Congress it plans to enter into a trade agreement with Japan with an executive agreement on digital trade and China will auction 10,000 tonnes of pork reserves as it continues to grapple with African swine fever (ASF) impacts.
The Trump administration has reportedly agreed on a plan to reallocate three years of waived biofuel blending obligations starting in 2020, but the fate of the proposal will likely hinge on reaction from the biofuels and refining sectors.