China has been making strides in living up to the promises it made in the “phase one” trade deal that went into effect February, but imports of U.S. ag commodities are still far below levels than many were hoping for.
China, continuing to live up to promises made in the “phase one” trade deal, is working with the U.S. to finalize certification for hundreds of U.S. beef processing plants as well as approve a wide variety of beef cuts and beef products in preparation for a resumption in trade.
China is paving the way for an eventual reopening of its market to U.S. dried distillers grains by announcing a list of U.S. companies that are eligible to export the product, according to documents and sources.
President Donald Trump and White House officials insist that China will be buying $40 billion to 50 billion worth of U.S. agricultural products annually over the next couple of years, if the countries nail down a trade deal in the coming weeks, but the question is whether U.S. farmers, processors and exporters could meet that challenge.
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.