President Donald Trump says he’s still confident the U.S. and China can reach a deal to end the trade war, but talks have all but collapsed, both sides are threatening even more or steeper tariffs and the U.S. is scrambling to protect farmers with more aid.
Trade talks between the U.S. and Japan are moving quickly, and there’s a good chance the two countries can wrap up an ag-centric deal to lift Japanese tariffs by the end of May, U.S. Agriculture Secretary Sonny Perdue said Tuesday.
Reports out of China where U.S. and Chinese negotiators — including USDA officials — have been working for the past three days to end the ongoing trade war are so far positive, and that’s a good sign for the U.S. chicken industry.
Democrats and Republicans on the Senate Agriculture Committee were united today in their demands that the Trump administration settle its trade battles around the world and start forging new free trade agreements.
The U.S. ag sector, already reeling from depressed prices, understands the White House’s desire to punish trade abuses by countries like China, but there is a growing fear that President Donald Trump’s aggressive tactics and rhetoric are threatening overseas markets, according to farm and trade officials speaking today at an Agri-Pulse forum.
Japan, Malaysia, the Philippines, South Korea, Vietnam, Canada, Mexico, China, Canada, Mexico, Guatemala, Honduras and El Salvador are just some of the destinations where USDA's Ted McKinney will likely be getting his passport stamped as he works to build new relationships and rekindle existing ones in order to boost U.S. exports.
The Trump administration has already insisted on renegotiations for the North American Free Trade Agreement and the U.S. pact with South Korea (KORUS), but there is no sign that free trade agreements with Colombia and Panama are in jeopardy for the same treatment.