Chinese trade practices

US Wins Another Dispute Over Chinese Trade Practices

Dan Trade

A World Trade Organization (WTO) dispute settlement panel found that certain Chinese trade practices were inconsistent with WTO commitments.  U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue announced that the WTO panel found China had administered its tariff-rate quotas (TRQs) for wheat, corn, and rice in a manner that unfairly limited American grain farmers access to the …

china phase one

Cotton Industry Hopeful About China Trade Talks

Dan Exports/Imports, Trade

The National Cotton Council (NCC) recently joined with more than 40 other agricultural organizations in writing a letter to President Trump regarding the current trade situation with China. Reece Langley, NCC vice president of Washington Operations, is hopeful the current United States-China talks will restore normal trade relations. Last week, President Trump said trade talks with China “are rounding the turn” …

grain trade

Soybean Growers Unhappy with President Trump’s Comments on Keeping Tariffs in Place under a China Agreement

Dan Exports/Imports, Industry News Release, Soybeans, Trade

The American Soybean Association (ASA) is not pleased with recent comments from President Trump that he could leave tariffs in place under an agreement with China. ASA has always considered the lifting of the Section 301 tariffs by the U.S. in exchange for China removing its retaliatory 25 percent tariff on U.S. soybean imports as essential to any initial agreement …

agricultural

China Could Triple U.S. Agricultural Purchases

Dan Exports/Imports, Trade

Agriculture Secretary Sonny Perdue this week again said China could triple its purchases of U.S. agricultural products. The U.S. and China are still hashing out the details of a trade agreement, now thought to conclude in June. Perdue told Bloomberg Television this week “we could easily see, if we are able to come to a trade resolution, a doubling or …

china

China, U.S. Nearing Trade Deal

Dan Economy, Exports/Imports, Industry News Release, Trade

The U.S. and China are inching closer to an agreement on trade that could be reached this month, according to those close to the talks. Bloomberg reports an agreement could be reached and finalized later this month during a planned summit between China’s President and President Donald Trump. As part of the potential agreement, China would lower tariffs on agricultural …

Chinese trade practices

WTO Officially Acknowledges Chinese Subsidies Violate Rules

Dan Economy, Trade

The World Trade Organization (WTO) has now officially ruled in favor of the U.S. in a complaint related to Chinese subsidies for agricultural products.  The WTO dispute settlement panel found that China exceeded international standards for farming support, causing trade distortion and creating artificial pricing for wheat and rice.  The ruling was expected to go in favor of the U.S. …

hoping

China to Purchase More U.S. Soybeans

Dan Soybeans

On Friday, the U.S. Department of Agriculture (USDA) announced during White House meetings, the Chinese government committed to buy an additional 10 million metric tons of U.S. soybeans. In a tweet, Agriculture Secretary Sonny Perdue wrote: “Hats off to the President (@POTUS) for bringing China to the table. Strategy is working. Show of good faith by the Chinese. Also indications …

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ASF Could Slow Pork Consumption in China

Dan Pork

Since African swine fever (ASF) was first discovered in China in August 2018, officials have confirmed about 100 outbreaks of the disease. And while ASF does not pose a threat to human health, some wonder if transportation restrictions on hogs and pork products and heavy news coverage of the disease could cause a slowdown in China’s pork consumption? U.S. Meat Export …

agricultural

U.S., China to Continue Trade Talks This Week

Dan Exports/Imports, Industry News Release, Trade

The U.S. and China will continue talks this week that will hopefully lead to an end to the trade war between the two economic superpowers. A Reuters article says sources from both sides feel the recent negotiations kept things moving forward. The Trump Administration still seems committed to the March 1 deadline to reach a deal or raise tariffs on …