Home » US and China reportedly reach trade deal

US and China reportedly reach trade deal

12/12/19 6:40 PM By Bill Tomson

The Trump administration has reached a tentative trade deal with China, according to news reports that come the same day President Donald Trump tweeted that an agreement was “very close.”

Bill Tomson
Senior Trade Editor

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Sen. John Boozman, R-Ark.

This week’s Open Mic guest is Senate Ag Committee Ranking Member John Boozman. The Arkansas Republican isn’t pleased with the process of budget reconciliation for the Build Back Better Plan now before Congress. Boozman questions not only the sum of funds but the lack of detail in how the agriculture dollars will be used. While stepped-up basis may be preserved with the plan in its current form, Boozman says that can quickly change and says lowering the minimum inheritance tax thresholds could have the same detrimental effect on the transfer of farms and small businesses to the next generation. Labor is still a top issue for agriculture, but he’s doubtful this Congress will embrace the challenge.

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