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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, April 23, 2024
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.
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.
Negotiations between the U.S. and China resumed this week after Presidents Donald Trump and Xi Jinping agreed last month to try again to end their trade war, and California’s wine makers are hoping a resolution can salvage years of work to turn the Chinese into faithful customers.
The Trump administration is looking this week to increase the pressure on Congress to approve the U.S.-Mexico-Canada trade agreement while making progress with China in the wake of the recent meeting between President Donald Trump and Chinese leader Xi Jinping.
U.S. and Chinese officials are already talking again, albeit long distance, to negotiate an end to a prolonged trade war. But farmers are losing patience as exports continue to suffer.
President Donald Trump said Saturday that he and Chinese President Xi Jinping have agreed to restart talks to end the U.S.-China trade war that has cost the U.S. ag sector billions of dollars in lost exports.
USDA on Friday reported an export sale of 544,000 metric tons of soybeans to China, just a day before President Donald Trump and Chinese President Xi Jinping meet in a renewed bid to end the two countries’ trade war.
President Donald Trump announced plans to meet with his Chinese counterpart at next week’s G-20 summit in Japan, signaling a continuance of dialogue between two global superpowers locked in a trade war.
President Donald Trump says he’s still confident the U.S. and China can reach a deal to end the trade war, but talks have all but collapsed, both sides are threatening even more or steeper tariffs and the U.S. is scrambling to protect farmers with more aid.
