The Commerce Department and Mexican tomato growers initialed a new agreement that, beginning on Sept. 19, will control U.S. imports of roughly $2 billion a year worth of fresh tomatoes from Mexico, said officials from both nations on Wednesday.
China intends “to buy a lot of farm product,” said President Trump on Tuesday, describing “a very, very productive call” between U.S. and Chinese trade negotiators. At the same time, the White House announced it would delay 10 percent tariffs on electronics such as cell …
With the China-U.S. trade war deepening, President Trump pointed to billions of dollars in stopgap trade aid flowing to US agriculture, and said he would continue the payments next year if necessary. Farmers and ranchers are steadfastly optimistic of winning the trade war. Seventy-eight percent …
A day after the White House reported constructive talks with China, President Trump expanded the Sino-U.S. trade war on Thursday, saying China wasn’t buying enough U.S. farm exports and Beijing wasn’t moving fast enough in negotiations.
During the second day of trade talks in Shanghai, Chinese officials “confirmed their commitment to increase purchases of U.S. agricultural exports,” said the White House on Wednesday. “The U.S. side agreed to create favorable conditions for it,” said a Chinese editor believed to have contacts in the government.
President Trump offered contradictory assessments of Sino-US trade talks on Tuesday, but both suggested a lengthy trade war. China hinted that strong-arm U.S. tactics would not work. Senior Chinese and U.S. officials met in Shanghai on Tuesday for their first face-to-face negotiations in more …
The largest U.S. farm group urged trade negotiators “to write the next chapter” in Sino-U.S. relations this week by eliminating trade war tariffs that are depressing ag exports, an important part of farm income. On Monday, the USDA reported an uptick in soybean exports to China, but there was no sign of large “goodwill” purchases on the eve of negotiations in Shanghai.
If China eliminated its punishing trade war tariffs on U.S. soybeans, net farm income would climb by nearly $3 billion this year and $4 billion in 2020, said three university economists in examining one aspect of the Sino-U.S. trade war. The two countries will resume trade talks next week in Shanghai.
On Thursday, for the second time this week, the White House called on China to buy U.S. farm exports. After meeting with President Xi Jinping nearly two weeks ago, President Trump said China would begin “almost immediately” to buy large amounts of U.S. food and ag exports. So far, those purchases have not materialized.
When China raised its tariff on U.S. pork in April 2018, it sent producers scrambling to replace the lost export sales. A year later, the scramble paid off, as U.S. producers replaced a big chunk of the lost sales by striking deals with smaller markets, according to an analysis by Reuters.