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Balanced Reporting. Trusted Insights.
Tuesday, April 15, 2025
U.S. meat and dairy exporters have a lot to gain if Taiwan were to remove barriers to their products. That’s why groups representing both sectors are lauding a U.S. announcement that the two countries have reached an agreement on a broad set of goals for a trade pact that they’re planning to begin negotiations on this fall.
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.
Taiwan needs to undo the damage it’s doing to U.S. pork exports. That’s one of the contentious messages delivered by the U.S. to Taiwan during recent trade talks, according to sources close to the discussions.
China promised to consider lifting it’s zero-tolerance policy on ractopamine residues in pork and beef as part of the “phase one” trade pact, and the country is making good on that, although more work needs to be done, says USDA Trade Undersecretary Ted McKinney.
U.S. government and industry officials are applauding Taiwanese President Tsai Ing-Wen’s Friday announcement that the country will be lifting restrictions that limit imports of U.S. beef and pork.
U.S. beef exports to China are rising and the long-term forecast is optimistic for U.S. producers and shippers, but the deal that enables those rosy expectations hasn’t been completely finalized by the Chinese, according to government and industry sources.
Chinese importers purchased 1,500 metric tons of U.S. beef earlier this month, evidence that the “phase one” trade deal is already resulting in new export opportunities for the U.S., according to new data from USDA.
China is following through with pledges under the “phase one” deal to lift barriers on U.S. beef and poultry and industry officials here are counting on the resulting trade to buoy producers.
The United Kingdom, now free from the European Union, published negotiating objectives Monday for a free trade agreement with the U.S., and improving agriculture imports and exports will be key during talks that are expected to begin in the next several weeks, British government officials said.