The telephone talks between U.S. and Chinese trade negotiators went well last week, potentially leading to an in-person meeting next week and an increase in Chinese imports of U.S. soybeans, according to Chinese and U.S. sources.
Snowballing signals from the White House of losing patience over the slow pace of ratification of the U.S.-Mexico-Canada Agreement could force a showdown with House Democrats, and there’s a lot at stake for the U.S. ag sector.
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.
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.
House Speaker Nancy Pelosi on Thursday announced her desire for a vote to approve the U.S.-Mexico-Canada Agreement that the U.S. ag sector is counting on for continued trade in North America that is mostly tariff-free.