Secretary of Agriculture Tom Vilsack recently talked about China, the complexities of the U.S.-China relationship and its potential impacts to agricultural trade. When it comes to the Phase One trade deal signed last year, he said China is making good on some of its promises.
While COVID-19 has impacted the amount of purchases China has made, Vilsack noted he’s upbeat on Chinese progress.
In the first year of the deal, China imported $100 billion of the U.S. goods agreed to in the deal; 58% of the $173.1 billion-goal set in 2020.