The fact that Chinese importers purchased between two and three cargoes of U.S. soybeans on Monday has helped quell concerns that the two countries might be rekindling their trade war, but the uncertainty of the situation continues to plague buyers and sellers.
China is shunning U.S. soybeans and pork – at least temporarily – in retaliation to U.S. involvement in China’s treatment of Hong Kong, but expectations are that Chinese state buyers won’t be able to shut off U.S. trade for much longer.
Ag trade experts are working to assess how President Donald Trump's call for an end to preferential trade treatment for Hong Kong will impact American ag exports there, but say there appears to be no direct impact on the "phase one" trade deal with China.
China is buying a lot more U.S. ag commodities and tearing down major import restrictions — just as it promised in the “phase one” trade deal — but the successes of the pact are being drowned out by growing animosity on both sides of the Pacific.
Packing plants shuttered by the COVID-19 pandemic are mostly up and running once again, which is placing a new focus on testing and the availability of personal protective equipment to keep their doors open.
President Donald Trump’s suggestion Tuesday that he would be willing to terminate trade deals that permit cattle imports left some aghast at the apparent threat to trade with Canada and Mexico, but U.S. Cattlemen’s Association President Brooke Miller says he’s pleased.
Agriculture Secretary Sonny Perdue expressed confidence at a White House meeting Wednesday that the meat shortages that have forced supermarkets to limit purchases should ease as meatpacking plants fully reopen within the next 10 days.
U.S. soybean exports have been steadfastly weathering the severe impacts of COVID-19 around the world, but the pandemic is impacting foreign customers in waves and new threats continue to manifest as nations around the world work to keep their people fed.
President Donald Trump defended his actions to end a “bottleneck” in the food supply, but legal experts differed over whether an executive order aimed at ensuring meatpackers keep operating amid the coronavirus pandemic could override state and local objections or make companies immune from lawsuits.