China
China sets monthly record for purchases of U.S. food and ag
Near-record U.S. ag exports seen with China back as top customer
China on track for $31 billion in U.S. ag imports over 12 months
While China may not meet the first-year target under the "phase one" trade agreement, it is buying huge amounts of U.S. food, agriculture, and seafood products that could total $31 billion over 12 months, said Iowa State economist Wendong Zhang at a farm conference on Thursday. Neither Zhang nor Ohio State professor Ian Sheldon said they expected the Biden administration to roll back U.S. tariffs on China in the near term.
‘Phase one’ fails to deliver, and a new approach to China is needed, says trade expert
The "phase one" agreement that de-escalated the Sino-U.S. trade war is not paying off in massive sales of U.S. products, including food and agricultural exports, to China or in the long-term reform of Chinese trade practices, said Chad Brown of the Peterson Institute for International Economics. "(President) Trump's trade war has failed to address what really ails the U.S.-China trade relationship," wrote Brown in a blog. "It is time for a new approach."
Trump, Biden debate source of billions in aid to farmers
President Trump took credit for billions of dollars in trade war payments to U.S. farmers during the final presidential debate on Thursday. "I just gave $28 billion to our farmers," said Trump. "Taxpayers' money," interjected Democratic nominee Joe Biden in the only reference to agriculture, lasting less than a minute, in the two debates between the candidates.
It’s early, but China is No. 1 buyer of U.S. corn
Thanks to a buying spree, China is far and away the top customer for U.S. corn six weeks into the marketing year, said chief executive Ryan LeGrand of the U.S. Grains Council on Thursday. Its purchases of 10.4 million tonnes for delivery during 2020/21 are twice as large as sales to date to Mexico, usually the No. 1 importer.
Ethanol and China are flash points for Trump and Biden campaigns
President Trump "sold out ethanol to Big Oil" by handing out dozens of exemptions from the ethanol mandate, said Iowa farmer Pam Johnson, speaking for the Biden campaign, during a discussion of the agricultural platforms of the presidential candidates on Tuesday. "We haven't abandoned the RFS and we aren't going to — ever," retorted Trump representative Sam Clovis.
Farmers doubt China will meet phase-one target for ag imports
Ten days in a row for soybean sales to China
Exporters sold nearly 2.7 million tonnes of U.S. soybeans in the first half of this month for delivery to China, said the USDA on Thursday. A "significant" sale was reported on each of the 10 business days beginning on Sept. 3, said the Foreign Agricultural Service.
Perdue hopeful China will meet ‘phase one’ trade targets
China has "really stepped up" its purchases of U.S. farm exports in recent weeks, said Agriculture Secretary Sonny Perdue on Monday, and he is hopeful of the sales bonanza promised in the "phase one" agreement that de-escalated the Sino-US trade war. "They are saying... the right things about their desire to fulfill their commitment. I'm hopeful they will."
U.S. ag exports to China on the rise, but not at ‘phase one’ pace
China is stepping up its purchases of U.S. farm exports, but it will not meet the ambitious sales goals of the "phase one" agreement that de-escalated the Sino-U.S. trade war, said USDA data on Wednesday. In a quarterly forecast, USDA analysts said China, the farm sector's No. 1 customer before the trade war, will remain locked in third place as an export destination in 2021, behind Canada and Mexico.
Pence: ‘We have a ways to go’ in settling trade war with China
In a speech at the Iowa State Fairgrounds, Vice President Mike Pence pointed on Thursday to China's promises to roughly double its purchases of U.S. farm exports as evidence that there is "no greater fighter on trade than President Donald Trump." The pledge was part of the "phase one" agreement that de-escalated the Sino-U.S. trade war and is scheduled for a six-month review by the two nations this weekend.
Crustaceans and oilseeds ahead of U.S.-China ‘phase one’ review
China bought $188 million worth of U.S. soybeans on Monday, continuing a string of purchases that began last week, as the world's two largest economies approach a six-month review of the "phase one" agreement that de-escalated the trade war.
Biden says he would remove tariffs on China
President Trump is "going after China the wrong way" in a go-it-alone trade war that has damaged U.S. agriculture and manufacturing, said Joe Biden, the presumptive Democratic nominee for president, in an interview to be aired on Thursday.
After record corn sale to China, Perdue expects ‘a big shipping season this fall’
China is far short of meeting its "phase one" commitment to buy huge amounts of U.S. food and ag exports, but Agriculture Secretary Sonny Perdue said, "We expect a big shipping season this fall." On Thursday, Chinese companies made one of the largest corn purchases in half a century of USDA records.
China buys more U.S. soybeans despite tensions
China makes its largest ever purchase of U.S. corn
Trump offers aid to lobster industry and a tariff threat to China
President Trump told the USDA on Wednesday to provide trade war relief to U.S. lobster fishermen and producers and threatened retaliatory tariffs on seafood from China if Beijing fails to buy massive amounts of U.S. food, agricultural, and seafood products this year.
Mexico to displace China as top corn importer
China will remain the leading importer of soybeans and cotton, but Mexico will be the world's largest corn importer for the rest of this decade, said the Food and Agricultural Policy Research Institute. The United States would be the top corn exporter despite increased competition from Brazil, said the University of Missouri think tank in updating its international marketing baseline.