Items Tagged with 'phase one trade agreement'

Agriculture Secretary Tom Vilsack assures lawmakers the Biden administration is holding China to account for its failure to fulfill “phase one” trade commitments, but he stopped short of saying what steps the administration would take.

U.S. Trade Representative Bob Lighthizer and Treasury Secretary Steven Mnuchin talked by phone Monday evening with China’s Vice Premier Liu He about progress on the “phase one” trade agreement.

Farmers are expected to produce record amounts of meat, milk and major crops this year as the agriculture economy rebounds from 2019’s trade and weather disruptions, but exports are forecast to rise relatively modestly in coming months despite the new trade deal with China, USDA says.