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.
China, in retaliation for new U.S. tariffs, revoked its latest goodwill gesture of exempting some Chinese importers from its own tariffs on U.S. soybeans, but at least one U.S. shipment will get through unscathed, according to U.S. government and industry officials.
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.
On the heels of the Department of Agriculture submitting a rewrite of rules to address competition in livestock markets, a group of producers took to Washington Tuesday to make their case for improved safeguards in the new rulemaking.
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.
Glyphosate is one of 28 pesticide product lines that President Trump is threatening to hit with tariffs of up to 25% starting next month. The crop protection industry is asking for exclusions and warning that costs could rise for manufacturers and farmers.