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Shining Light on Farm & Food Policy for 20 Years.
Friday, May 17, 2024
Trade negotiations between the U.S. and China are likely in their final weeks, but that’s no guarantee the trade war between the two countries will end any time soon, U.S. Trade Representative Robert Lighthizer told lawmakers Tuesday.
China may agree to buy more U.S. agriculture commodities and lift onerous trade barriers in the ongoing talks, but unless negotiators can agree on an effective way to make sure the Chinese live up to their promises, any final deal would be worthless.
With President Donald Trump having dropped the threat for now of expanded tariffs, U.S. and Chinese negotiators continue work on details of an agreement that he and Chinese President Xi Jinping could potentially seal later this month in Florida.
The U.S. on Thursday won a key victory at the World Trade Organization to compel China to stop propping up its wheat and rice farmers by maintaining artificially high prices.
Agriculture Secretary Sonny Perdue provided the implementation dates for the 2018 farm bill, saying the first payments to dairy producers could be delivered in July, and he told lawmakers that the White House is working on a comprehensive immigration reform proposal with the help of a USDA adviser.
China agreed to buy an additional 10 million metric tons of U.S. soybeans as negotiators from both countries agreed to extend the latest round of trade talks to go through the weekend, a sign that significant progress is being made to end the trade war, President Donald Trump said Friday.
China needs rice imports, U.S. farmers are anxious to sell more rice and it might not be long before the countries are doing business after more than 20 years of haggling over details of opening up trade.
U.S. negotiators are on their way home from Beijing, but the exhaustive negotiations to try to end the U.S.-China trade war will continue almost immediately next week in Washington D.C., the White House announced today.
Assured of President Donald Trump's support, the Senate and then the House passed a fiscal 2019 spending agreement Thursday to avert another government shutdown and fund USDA, Interior, FDA and other departments and agencies important to agriculture through Sept. 30.
