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Shining Light on Farm & Food Policy for 20 Years.
Thursday, April 25, 2024
Top U.S. and Chinese trade officials met over the phone Tuesday to try to further negotiations to end the countries’ trade war, said to President Donald Trump, who said the negotiations were “productive” and offered optimism that a conclusion could come soon.
President Donald Trump said Thursday he will hit roughly $300 billion worth of Chinese goods — effectively the only goods remaining untaxed in the ongoing trade war — with a 10% tariff on Sept. 1, raising concerns that the recently renewed trade talks are not going well.
The U.S. and China have wrapped up their first round of face-to-face trade negotiations since talks fell apart in May and both sides agreed to meet again in September as President Donald Trump continues to tone down expectations of a quick resolution.
Specific demands have now been made by House Democrats for changes to the U.S.-Mexico-Canada Agreement, and they say it’s now up to the Trump administration to make them happen as lawmakers embark on their six-week summer recess.
The Trump administration’s trade negotiations pick up this week with both China and Japan, while the Agriculture Department starts accepting applications for the latest round of trade assistance being offered to farmers as compensation for the impact of retaliatory tariffs.
A Japanese delegation is coming to Washington next week to resume negotiations on a free trade agreement, U.S. Trade Representative Robert Lighthizer told Agri-Pulse Friday.
Agriculture will be one of the core subjects when U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin travel to China next week to resume trade talks, according to a White House statement released Wednesday.
By the end of the year, China is finally expected to implement the quotas for corn, wheat and rice as it agreed to do about 20 years ago, but it may not be a cause for celebration for American farmers.
The telephone talks between U.S. and Chinese trade negotiators went well last week, potentially leading to an in-person meeting next week and an increase in Chinese imports of U.S. soybeans, according to Chinese and U.S. sources.
Negotiations on budget caps and an increase in the federal debt ceiling are going down to the wire as lawmakers seek to nail down a deal with President Donald Trump that the House can vote on this week before starting its August recess.
