Several shipments of U.S. chicken on their way to China are being diverted to South Korea and Hong Kong because of the disruption at Chinese ports as the country tries to contain the spread of the coronavirus, Agri-Pulse has learned.
The Trump administration has laid out a lengthy list of its complaints and demands for changes in the World Trade Organization’s appellate body five months ahead of the WTO’s twelfth ministerial meeting that will be held in Kazakhstan.
China’s Finance Ministry announced Thursday that on Feb. 14 it will cut tariff rates on $75 billion worth of U.S. products, including some ag commodities such as soybeans, chicken, pork, oranges and asparagus, but the impact is expected to be minimal.
The U.K. successfully split from the European Union last week, setting into motion a scramble on both sides of the Atlantic in Washington and Brussels to woo the British into a free-trade agreement as billions of dollars in ag trade hang in the balance.
U.S. farmers and ranchers will have to wait longer for the expected surge of Chinese purchases agreed to under the "phase one" trade deal as the country grapples with trying to stop the spread of the coronavirus, National Economic Council Director Larry Kudlow said Tuesday.
The top trade official in the United States says he is aware of reports about the impact of the coronavirus on China's ability to fulfill commitments made during recent trade negotiations but has yet to formally hear from his counterparts there.
President Donald Trump on Wednesday signed the implementing language for the U.S.-Mexico-Canada Agreement into law, leaving Canadian ratification as the last hurdle for the pact that would preserve the strong trade ties between the three North American countries.
China will be huge for U.S. beef. That’s the conclusion of U.S. negotiators and the U.S. cattle industry, but it’s going to take a lot of work to get there and the Chinese will have to come through on major promises over the next two months that were made in the “phase one” deal that was signed last week in the White House.