Items Tagged with 'intellectual property'

China’s push to achieve self-sufficiency, which has incentivized the nation to purchase, and even steal, agricultural assets in other countries, could present risks to the economic and national security of the United States, warns a report by the U.S.-China Economic and Security Review Commission.

The Agriculture Department is going to take a closer look at how retailers and seed companies are interacting with producers, Agriculture Secretary Tom Vilsack says.

Chinese importers have already stopped buying U.S. wheat, soybean purchases are expected to drop even further, and the U.S. ag sector is expecting the financial pain to increase exponentially as long as the Trump administration persists in a trade war with China.

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.

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.