Congressional leaders reach agreement with the White House on a $900 billion COVID-19 relief package that will include a new round of aid to various agriculture sectors while also ensuring the deductibility of expenses used to get forgiveness of Paycheck Protection Program loans.
Negotiations on a major new coronavirus relief package remain alive, but with the election less than two weeks away, Senate Republicans see little chance of passing a deal before a lame duck session in November or December at the earliest.
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.
Several shipments of U.S. chicken on their way to China are being diverted to South Korea and Hong Kong because of the disruption at Chinese ports as the country tries to contain the spread of the coronavirus, Agri-Pulse has learned.
The next round of high-level U.S.-China trade talks are on schedule for next month despite the White House axing Chinese plans for a key official to tour U.S. farms and processing facilities this week.
High-level U.S. and Chinese agricultural trade officials are prominent in the bilateral trade talks this week as Gregg Doud, the top ag negotiator for the U.S. Trade Representative, and Han Jun, China’s vice minister of agriculture and rural affairs, met together with others at USTR's Washington headquarters Thursday.
The trade war between the U.S. and China could go on for months or years, according to erratic statements from the White House, but for the first time in weeks, there is renewed optimism because China has agreed to new negotiations.
The U.S. and China are set to begin trade talks again after a tumultuous week of tension-escalating threats of new tariffs and tariff-rate increases that roiled international markets and alarmed the U.S. ag sector.