High-level U.S. and Chinese agricultural trade officials are prominent in the bilateral trade talks this week as Gregg Doud, the top ag negotiator for the U.S. Trade Representative, and Han Jun, China’s vice minister of agriculture and rural affairs, met together with others at USTR's Washington headquarters Thursday.
China’s latest promise to reduce tariffs on U.S. soybeans and pork is being lauded as an olive branch ahead of new trade talks early next month, but China also needs more of the commodities to feed its people, according to industry and government analysts.
China is planning to lift tariffs on U.S. pork and soybeans ahead of high-level talks between the two countries, but it remains unclear how steep the tariff cuts will be, according to U.S. ag groups and Chinese government-run media outlets.
House Democrats are poring over a letter from U.S. Trade Representative Robert Lighthizer on proposed fixes for the U.S.-Mexico-Canada Agreement, and House Ways and Means Committee Chairman Richard Neal said Thursday he’s preparing a response to send back Thursday or Friday.
The trade war between the U.S. and China could go on for months or years, according to erratic statements from the White House, but for the first time in weeks, there is renewed optimism because China has agreed to new negotiations.
Top U.S. and Chinese negotiators will meet in Washington next month to pick up on talks to try to end the trade war that is weighing heavily on U.S. farmers and manufacturers, according to Xinhua News, a Chinese government-run media outlet.