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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, December 24, 2024
USDA reports released Thursday show China has purchased another 1,400 metric tons of U.S. beef and 272,000 tons of U.S. soybeans, demonstrating importers are successfully getting exemptions to the country’s tariffs.
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.
The U.S.-China trade war that forced U.S. exporters to diversify market priorities has played a role in the colossal rise of trade with Egypt, but only on the surface.
China’s latest promise to reduce tariffs on U.S. soybeans and pork is being lauded as an olive branch ahead of new trade talks early next month, but China also needs more of the commodities to feed its people, according to industry and government analysts.
With new tariffs and rising trade tensions around the globe, one relatively new market may be growing at just the right time, thanks to U.S. market development efforts and a Free Trade Agreement.
John Baize was on a mission to sell more U.S. soybean oil in Egypt. But there was a problem, according to the government buyer who was charged with procurement of edible oils in that country.
