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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
China pledged to immediately begin ramping up U.S. soybean purchases by buying at least 5 million tons, Vice Premier Liu He announced today in the White House after two days of negotiations.
The Department of Agriculture announced this morning export sales of 1.19 million tons of U.S. soybeans to China, the third such announcement in the past seven days after months of virtually no trade amid U.S. and Chinese trade hostilities.
President Donald Trump and the White House have been making some big promises about China coming back into the market to purchase U.S. farm commodities, but the details over which products, how much, and when this will happen remain murky beyond descriptive terms like “massive amounts” and “immediately.”
The White House announced Saturday night that China has agreed to “start purchasing agricultural products from our farmers immediately” after a dinner meeting between President Donald Trump, Chinese President Xi Jinping and high-level officials on both sides.
The goal is for the U.S. and China to agree on a preliminary “framework” for a deal to end the countries’ trade hostilities when President Donald Trump and Chinese President Xi Jinping meet later this month as scheduled in Argentina at the G20 summit, U.S. Ambassador to China Terry Branstad told Agri-Pulse today.
The top American official in the People’s Republic of China says many of its citizens might admit to the American trade grievances at the heart of a budding trade war.
If you followed Donald Trump’s presidential campaign, you know that he talked tough on trade – especially when it came to countries he believed were giving the U.S. a raw deal.
