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.
The Office of the United States Trade Representative, the U.S. Department of Agriculture and the U.S. Department of Commerce will hold two virtual hearings to issues involving foreign trade practices and seasonal and perishable produce markets.
The Washington offices of the U.S. Trade Representative are buzzing as collaboration with China over the “phase one” deal continues and final preparations are made for the launch of the U.S.-Mexico-Canada Agreement, but Chief Agricultural Negotiator Gregg Doud said he expects both deals will lead to increased sales of U.S. farm products.