China, the largest export market for U.S. soybeans, is dead set against any talk about the U.S. and Taiwan forging a closer alliance, but that’s not stopping the momentum that’s building between the two countries.
The U.S. and the U.K. still have a lot of negotiating ahead of them, but the British will likely agree to a free trade agreement that allows for increased trade in beef, pork and poultry, says Gregg Doud, the U.S. Trade Representative’s top agriculture negotiator.
South Korea, in a deal struck with the Trump administration last November, agreed to buy at least 132,304 metric tons of U.S. rice annually and the country is getting close to meeting that promise for 2020, according to U.S. government and industry officials.
A World Trade Organization panel ruled Tuesday that the U.S. broke its international commitments by circumventing the WTO dispute system and hitting China in 2018 with tariffs on $234 billion worth of its goods.
The USDA announced Tuesday that Chinese importers contracted to buy hefty new amounts of U.S. corn and soybeans just hours after top U.S. and Chinese trade officials met Monday night to review progress of the “phase one” trade pact.