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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 18, 2024
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.”
President Donald Trump, while talking to reporters aboard Air Force One this weekend, dropped a trade bomb few were expecting: He said he planned to officially notify Mexico and Canada that he will pull the U.S. out of the North American Free Trade Agreement, giving Congress six months to ratify his new trade pact or suffer the consequences.
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.
For many grain elevators in the Dakotas and surrounding states, the soybean superhighway sending the oilseed to export markets via the Pacific Northwest might as well be a cul-de-sac.
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.
