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Balanced Reporting. Trusted Insights.
Thursday, April 03, 2025
Chinese importers have been applying for — and getting — tariff exemptions to buy U.S. dairy products as a result of the “phase one” trade agreement, U.S. Dairy Export Council CEO Tom Vilsack tells Agri-Pulse.
China is still battling to contain coronavirus infections, but the U.S. ag sector is taking heart in signs that industry there is coming back to life in time for trade to resume under the “phase one” trade deal.
A measurement of producer optimism set a record in February, eclipsing the old record set only one month earlier, but a survey to determine that measurement occurred before some key events last month.
The historic “phase one” trade deal with China will boost American ag trade with the country, but it’s not likely to have a major impact on overall U.S. trade at a time when the farm sector here is increasingly dependent on international sales, USDA Chief Economist Robert Johansson tells Agri-Pulse.
President Donald Trump announced Friday via Twitter that he is open to doling out billions of dollars in a third trade assistance package for farmers because of implementation delays in trade deals such as the "phase one" pact with China.
China will follow through with the billions of dollars in additional ag purchases that it promised to make as part of the “phase one” trade pact with the U.S., but the coronavirus outbreak may delay the sales, Agriculture Secretary Sonny Perdue told reporters Thursday.
Several shipments of U.S. chicken on their way to China are being diverted to South Korea and Hong Kong because of the disruption at Chinese ports as the country tries to contain the spread of the coronavirus, Agri-Pulse has learned.
U.S. farmers and ranchers will have to wait longer for the expected surge of Chinese purchases agreed to under the "phase one" trade deal as the country grapples with trying to stop the spread of the coronavirus, National Economic Council Director Larry Kudlow said Tuesday.