News & Press https://members.petfoodinstitute.org/news/default.asp Sun, 26 Apr 2026 15:58:17 GMT Mon, 20 Apr 2026 18:36:00 GMT Copyright © 2026 Pet Food Institute Tariff refund system launches as thousands of companies file claims https://members.petfoodinstitute.org/news/news.asp?id=725664 https://members.petfoodinstitute.org/news/news.asp?id=725664 The refund system aiming to return up to $166 billion to importers per court order went live on Monday as thousands of companies rushed to file claims.

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]]> Mon, 20 Apr 2026 19:36:00 GMT USDA cuts ag trade deficit forecast on even lower imports https://members.petfoodinstitute.org/news/news.asp?id=721300 https://members.petfoodinstitute.org/news/news.asp?id=721300 The Agriculture Department is now forecasting that the U.S. agricultural trade deficit will fall from $43.7 billion in fiscal year 2025 to $29 billion in FY2026, according to data published Friday.

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]]> Mon, 2 Mar 2026 18:55:00 GMT Trump Lowers Reciprocal Tariffs for 90 Days, but Raises Chinese Tariffs to 125% https://members.petfoodinstitute.org/news/news.asp?id=698471 https://members.petfoodinstitute.org/news/news.asp?id=698471 A few hours after they took effect, President Trump posted on Truth Social that he has authorized a 90-day pause on the specific reciprocal tariffs. The 10 percent universal tariff, however, implemented April 5, still seems to be in effect.

“Based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10 percent, also effective immediately.”

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