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Shining Light on Farm & Food Policy for 20 Years.
Monday, December 23, 2024
U.S. negotiators head to China this week to resume face-to-face trade talks, and the Senate is expected to consider a long-stalled disaster aid bill amid demands to expand it to include assistance for losses from the Midwest flooding.
The USDA announced Friday that China is making a significant purchase of U.S. corn after years of deteriorating trade, spurring hope that the trade talks between the two countries are producing real progress that could have lasting effects.
President Donald Trump said Wednesday he’s planning on leaving U.S. tariffs on Chinese products in place “for a substantial period of time,” even after some form of deal is reached with China.
Trade negotiations between the U.S. and China are likely in their final weeks, but that’s no guarantee the trade war between the two countries will end any time soon, U.S. Trade Representative Robert Lighthizer told lawmakers Tuesday.
China may agree to buy more U.S. agriculture commodities and lift onerous trade barriers in the ongoing talks, but unless negotiators can agree on an effective way to make sure the Chinese live up to their promises, any final deal would be worthless.
With President Donald Trump having dropped the threat for now of expanded tariffs, U.S. and Chinese negotiators continue work on details of an agreement that he and Chinese President Xi Jinping could potentially seal later this month in Florida.
The U.S. on Thursday won a key victory at the World Trade Organization to compel China to stop propping up its wheat and rice farmers by maintaining artificially high prices.
Agriculture Secretary Sonny Perdue provided the implementation dates for the 2018 farm bill, saying the first payments to dairy producers could be delivered in July, and he told lawmakers that the White House is working on a comprehensive immigration reform proposal with the help of a USDA adviser.
China agreed to buy an additional 10 million metric tons of U.S. soybeans as negotiators from both countries agreed to extend the latest round of trade talks to go through the weekend, a sign that significant progress is being made to end the trade war, President Donald Trump said Friday.
