Articles Tagged with ''china''

The USDA is planning on four more in-person trade missions around the globe this year, including to the UK and Kenya, nations that the Trump administration opened up negotiations with for free trade agreements.

The Biden administration Tuesday rolled out its 2022 Trade Policy Agenda report to Congress, pledging to further develop its Indo-Pacific Strategy – an effort to strengthen ties with the Asian region – as well as continue to reduce trade barriers across the globe and bring new reform pressure on China.

The war in Ukraine may impede the country’s ability to export millions of tons of wheat and corn to China, Saudi Arabia, Indonesia, Turkey and elsewhere, and U.S. grain could be called on to fill the supply gap.

USDA expects U.S. ag exports to hit a new record this year and projects continued strong prices for major commodities this year while acknowledging that Russia's invasion of Ukraine has injected new uncertainty into world markets.

China continues to be a “difficult and unpredictable market for U.S. agricultural exporters” because it flouts international trade standards set by the World Trade Organization, according to a new report to Congress from the Office of the U.S. Trade Representative.

Not even the collapse in demand from China could stop the U.S. pork industry from having a good year for exports in 2021 and strong shipments are expected to carry the industry through another banner year in 2022.

USDA trimmed its forecast for South American soybean production Wednesday, supporting traders’ expectations and a bump in futures prices.

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.

The U.S. exported $177 billion worth of agricultural commodities in 2021, firmly besting the record in 2014 by about 15% and overshadowing 2020 totals by 18%, according to new data released by the Commerce Department.

The House of Representatives Friday narrowly approved the America COMPETES Act, pushing the legislation that is supposed to make the U.S. more competitive with China closer to enactment. While similar to the Senate version passed last summer, the House bill – passed with a 222-210 vote – includes significant differences such as the inclusion of the Ocean Shipping Reform Act as well as reauthorizes and alters the Trade Adjustment Assistance and Generalized System of Preferences programs.