Politico says the preliminary trade agreement between China and the U.S. announced over the weekend raises more questions than it answers. No one knows how soon it comes together and things start to happen. While China agreed to buy significantly more American agricultural products, there aren’t any hard numbers attached to that promise yet. U.S. Commerce Secretary Wilbur Ross will …
Farmers for Free Trade Suggestions on Improving China/U.S. Trade Relations
Farmers for Free Trade call the framework of a trade agreement between the U.S. and China as a good first step toward ending tensions that have hurt American agriculture. The group applauds the Trump Administration’s focus on supporting U.S. agricultural exports. However, they do note that there’s still a lot of work to do in order to put a solid …
USDA Official Hopeful by Recent Trade Advancements with China
While a trade war may be on hold between the U.S. and China, a Department of Agriculture official says the Trump administration remains ready to support farmers and ranchers, if needed. China and the U.S. put the trade war tariffs on hold, for now, as the two sides are negotiating. Speaking at the ONE18: The Alltech Ideas Conference, USDA Undersecretary …
China Promises to Buy More American Agricultural Goods
After two rounds of trade talks between the world’s largest economies, China has promised to buy significantly more U.S. agriculture and energy products to help reduce its trade surplus with America. Treasury Secretary Steven Mnuchin outlined his targets for boosting sales over the weekend but it remains unclear if China has agreed to reduce the deficit by the $200 billion …
Administration Focusing on Good, Not Quick, NAFTA 2.0
Bloomberg says the U.S., Canada, and Mexico are all on separate pages when it comes to a new North American Free Trade Agreement. Treasury Secretary Steven Mnuchin says the administration is more focused on reaching a good deal rather than an immediate one. Mnuchin says it doesn’t matter if it’s passed in this session of Congress or the next one. …
House Members Call for End to Thailand’s Ban on U.S. Pork
Members of the U.S. House of Representatives sent a letter to Virachai Plasai, ambassador of the Kingdom of Thailand to the United States, calling for the removal of restrictions on imports of U.S. farm products, including U.S. pork. The bipartisan letter – signed by 44 members and sponsored by Representatives David Young, R-IA, and Ron Kind, D-WI – calls for the …
NAFTA 2.0 Likely Not Done This Year
At the Thursday, May 17 deadline for the North American Free Trade Agreement (NAFTA) negotiations, there isn’t an agreement in place and no end in sight to negotiations. Politico says divisions among negotiators from the U.S., Mexico, and Canada on difficult issues are driving a stake through the heart of President Donald Trump’s goal of signing a new agreement into …
Under Secretary McKinney to Lead Southern China Trade Mission
U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney will lead a trade mission to Guangzhou and Shenzhen, China, May 21-May 25, accompanied by a diverse delegation of agribusiness and state government leaders looking to establish new business connections in southern China. Southern China is a major import hub and a growing market for U.S. …
USTR To Review Thailand’s GSP Trade Benefits
The Office of the U.S. Trade Representative (USTR) has agreed with a request from the National Pork Producers Council to review Thailand’s eligibility for the U.S. Generalized System of Preferences (GSP) program because of that country’s failure to provide access to its market for U.S. products, including pork. NPPC, which last month filed a GSP review petition with USTR, is …
Lawmakers Renew Call for Completing NAFTA This Week
The Chairman of the House Ways and Means Committee is echoing comments from House Speaker Paul Ryan, calling on the North American Free Trade Agreement (NAFTA) talks to conclude in an agreement this week. That is if the Trump administration wants Congress to consider an updated NAFTA before the end of 2018. House Ways and Means Chairman Kevin Brady says …