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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, January 01, 2025
The U.S. and China have signed off on a partial, “Phase One,” trade pact that includes a Chinese pledge to buy tens of billions of dollars of U.S. farm commodities, President Donald Trump said Friday.
China is going to lift tariffs to allow in more U.S. soybeans and pork, according to Xinhua News, a government-run media outlet, though it's unclear how much of the U.S. commodities will be allowed in, or for how long.
President Donald Trump’s latest claim that he might push back a trade pact with China until after the 2020 elections has unleashed a new wave of uncertainty for America’s farmers who had been counting on promises that a resolution to the trade war was imminent.
President Donald Trump announced Monday the U.S. will be restoring tariffs on Brazilian and Argentine steel and aluminum, potentially disrupting the recently improving U.S. trade relationships with Brazil.
Pork producers hope an Iowa State University analysis saying U.S. pork exports to China could reduce the overall trade deficit with the country by 6% percent will lead to an easing of tariffs between the two countries.
Senate Democrats say the Trump administration’s trade assistance is unfairly benefitting large growers and Southern farmers to the detriment of producers more deserving of the aid.
The USDA is now moving to open the U.S. border to Chinese chicken amid final talks between the two countries to wrap up a partial trade pact that is promised to result in China increasing its imports of U.S. ag commodities.
U.S. and Chinese negotiators have agreed to eliminate some tariffs “in phases” as talks continue to finalize a partial Phase One trade deal, a spokesman for China’s Commerce Ministry said Thursday at a press conference in Beijing.
USDA announced Thursday export sales of 130,000 metric tons of U.S. white wheat for delivery to China, a sale that comes one week ahead of the next round of bilateral trade negotiations.
China cancels plans to send a goodwill delegation to Montana and Nebraska after U.S. and Chinese negotiators wrapped up talks this week in Washington, a precursor to high-level negotiations planned for early October.