President Donald Trump today announced the U.S. will hit China with $50 billion worth of tariffs on more than 1,000 Chinese productds, taking the U.S. closer to a trade war with the Asian nation, which has threatened to hit back with tariffs on U.S. soybeans, wheat, corn and other commodities.
Pork exports were a hot topic at the World Meat Congress for both the challenges ahead in a very uncertain trade environment and growing opportunities as global consumers demand more protein and innovative food products.
China’s opaque and deliberately slow biotech approval process is costing U.S. farmers, exporters, seed companies and others billions of dollars in lost sales, according to a new analysis being released today by Informa’s Agribusiness Consulting.
U.S. negotiators are pushing for China to increase its imports of U.S. agriculture commodities by about $25 billion, which would more than double the roughly $20 billion the country now buys annually, Agriculture Secretary Sonny Perdue said Wednesday.
U.S. beef producers are excited about the possible sales opportunities that could result in China’s increased desire for beef, but the same could be said for every country that sends beef to the People’s Republic.
China has agreed to increase its imports of American agriculture and energy products and to address U.S. concerns about protection of intellectual property, according to a joint U.S.-China statement released by the White House.