U.S.-China trade
Trump: China will buy ‘practically as much as our Farmers can produce’
In a pair of tweets on Monday, President Trump touted a potential trade deal with China that would mean massive Chinese purchases of U.S. farm exports. The tweets followed a joint statement by the two nations that a deal would include “meaningful increases” in agricultural goods.
Where’s the U.S. beef? In China and with China.
Agriculture Secretary Sonny Perdue will celebrate the reopening of the Chinese market to U.S. beef on Friday at the same time the Trump administration is considering trade action against Beijing. The first shipment of U.S. beef arrived in China on June 19 following a 13-year absence from that market.
Trade ruling suggests weedkiller dumping hurt U.S. market
The U.S. International Trade Commission ruled, in a 4-0 vote, there was a reasonable indication that domestic herbicide manufacturers were hurt by dumping of imported 2,4-D weedkiller from China and India. The ITC vote allows the Commerce Department to continue its investigation of the imports.