phase one

China Phase One Agreement Ag Purchases aimed at $20 Billion

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — The phase one agreement with China would boost U.S. ag exports to at least $20 billion in its first year. The overall agreement includes $40-50 billion of U.S. farm commodity sales to China over a roughly two-year period. China claims it would aim to buy at least $20 billion worth in the first year, if the agreement is …

agreement

China Confirms Phase One Agreement Ag Purchases

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — Chinese officials confirmed this week they are working on finalizing a “phase one” agreement with President Donald Trump that includes significant purchases of U.S. ag products. An official from China’s Commerce Ministry confirmed the purchases to reporters, but did not provide details on how much U.S. ag products China will buy. The spokesperson says, “China will increase U.S. …

japan trade

More Details Needed to Finish U.S. Japan Trade

Dan Exports/Imports, Trade

Now that the U.S.-Japan Trade Agreement has been signed by President Trump, many feel it is a done deal and are ready to see the trading started soon. But during a recent media conference call, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, explained there are still some details that need to be ironed out.

china

Trump: China Ag Purchases Already Underway

Dan Economy, Exports/Imports, Industry News Release

(NAFB) — President Donald Trump says China will immediately start buying U.S. agricultural products. Via Twitter over the weekend, Trump says China will start buying “very large quantities” of U.S. farm products, adding, “they have already started.” The administration says the agreement Friday includes $40-$50 billion of commodity sales to China over the next couple of years. China already had …

meat

U.S. Japan Trade Deal Good for Beef Industry

Dan Beef, Cattle, Exports/Imports, Trade

Earlier this week, President Trump signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. During a media conference call Thursday, National Cattlemen’s Beef Association (NCBA) Director of International Trade and Market Access, Kent Bacus, said this is a monumental development. According to NCBA, in 2018 Japanese consumers purchased $2.07 billion of U.S. …

pence

VP Pence Calls on Congress to Pass USMCA

Dan Exports/Imports, Industry News Release, Trade

(NAFB) — Vice President Mike Pence spent time early this week promoting the U.S.-Mexico-Canada Agreement (USMCA) while calling on Congress to pass the trade deal. Pence penned an editorial in the Arizona Daily Star promoting the trade agreement. The Vice President also toured a Tyson Foods facility in Tennessee. Meanwhile, in a White House statement, Pence says USMCA will add …

president

President Trump Signs U.S.-Japan Trade Agreement; Ag Groups Respond

Dan Exports/Imports, Industry News Release, Trade

American Farm Bureau Federation Farmers and Ranchers Celebrate Japanese Trade Deal, Look Forward to More (AFBF-Oct. 7, 2019) — President Trump signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “Today’s signing marks the successful end to more than a …