President Donald Trump said Saturday that he and Chinese President Xi Jinping have agreed to restart talks to end the U.S.-China trade war that has cost the U.S. ag sector billions of dollars in lost exports.
USDA on Friday reported an export sale of 544,000 metric tons of soybeans to China, just a day before President Donald Trump and Chinese President Xi Jinping meet in a renewed bid to end the two countries’ trade war.
The White House announced Saturday night that China has agreed to “start purchasing agricultural products from our farmers immediately” after a dinner meeting between President Donald Trump, Chinese President Xi Jinping and high-level officials on both sides.
The U.S., Mexican and Canadian presidents signed off on the renegotiated North American Free Trade Agreement today, taking the three countries closer to preserving virtually tariff-free agriculture trade.
The goal is for the U.S. and China to agree on a preliminary “framework” for a deal to end the countries’ trade hostilities when President Donald Trump and Chinese President Xi Jinping meet later this month as scheduled in Argentina at the G20 summit, U.S. Ambassador to China Terry Branstad told Agri-Pulse today.