Items Tagged with 'phase one'

Treasury Secretary Janet Yellen offered sharp criticism Wednesday of U.S. tariffs on Chinese goods, promising to “reconfigure” the import taxes even as her department continues a review.

The ag sector and lawmakers aren’t letting up pressure for another trade deal with China, especially since China’s purchase agreement ended Dec. 31, but the Biden administration still has its focus squarely on the “phase one” deal that was struck during the Trump administration.

President Joe Biden assured the American Farm Bureau Federation that his administration is addressing farmers' concerns about rising production costs and supply chain disruptions, while Agriculture Secretary Tom Vilsack said China would be pushed to fulfill its purchasing commitments under the "phase one" trade agreement. 

Farmers, ranchers and ag exporters hoping President Joe Biden will engage Chinese President Xi Jinping Monday evening on trade tariffs or supply chain problems will likely be disappointed. Neither topic is on Biden’s agenda for the virtual meeting, according to a senior White House official who previewed expectations for the conversation to reporters.

President Joe Biden will sit down for a virtual meeting Monday evening with Chinese President Xi Jinping, says White House Press Secretary Jen Psaki.

U.S. Trade Representative Katherine Tai spoke Friday with her Chinese counterpart to explain U.S. concerns over outstanding issues from the “phase one” trade pact as well as Chinese “state-led, non-market policies and practices that harm American workers, farmers and businesses,” according to the Office of the USTR.

After months of review and assessment, U.S. Trade Representative Katherine Tai says the Biden administration is set to begin confronting China directly on trade, pressing the country on implementation of the “phase one” deal and working with foreign allies to encourage Beijing to reform its trade policies.

The world supply of beef is tight, but China’s appetite for the meat is growing fast, and that’s a boon for U.S. producers and exporters.

The Biden administration is not letting up pressure on Mexico to resume its approvals of genetically modified crops and is continuing to formulate its next steps in addressing the precarious trade relationship with China, U.S. Trade Representative Katherine Tai told Agri-Pulse in a wide-ranging interview Wednesday.

The U.S. still only has a relatively small slice of the Chinese market but American whey, skim milk powder, cheese and other products are reaching new highs as China recovers from the COVID-19 pandemic and African swine fever.