Tag: China

CHINA RHETORIC HEATS UP

A major rupture in U.S.-China relations may be a matter of when and not if. Trump seems to be distancing himself from the phase one trade deal, and advisers and lawmakers are pushing for action aimed at Beijing. (Politico)

PENCE: USMCA COULD BE ‘TEMPLATE’ FOR FUTURE TRADE DEALS

Vice President Mike Pence said Monday that the trade agreement the Trump administration has forged with Mexico and Canada could be the “template for all our future trade deals” with the European Union, Japan and China. Speaking midday in Detroit, Pence sought to promote the United States-Mexico-Canada Agreement President Donald Trump has forged with the … Read More

U.S. PORK’S MISSED OPPORTUNITY IN CHINA

The African swine fever outbreak that has decimated China’s pig herds and boosted the country’s demand for imported protein would normally be a boon for U.S. pork exporters. But the industry fears Trump’s tariff fight with Beijing is partially squandering a lucrative opportunity. “You have this explosive demand for imported pork in China,” said Nick … Read More

US-CHINA TALKS RESUME OVER PHONE

Top U.S. and Chinese trade officials met over the phone Tuesday to negotiate, said President Donald Trump, who stressed the talks were “productive” and offered optimism that a conclusion could come soon. The Chinese officials took the opportunity to complain about Trump’s announcement two weeks ago to hit another $300 billion worth of Chinese goods … Read More

TRUMP PROMISES MORE AID FOR FARMERS IN 2020 ‘IF NECESSARY’

President Trump promised farmers that China’s increasing aggression against U.S. agriculture in the trade war “will not be able to hurt them” – and vowed that “if necessary” he will give them more aid in 2020. Keeping farmers on his side is a crucial political goal for Trump, who is up for reelection next year … Read More

PERDUE: US FARMERS WILL REGAIN MARKETS LOST IN TRADE WAR

U.S. Ag Secretary Sonny Perdue told nervous Midwestern farmers on Wednesday that he’s confident that they’ll eventually regain the markets they’ve lost in the Trump administration’s trade war with China. Perdue appeared at Farmfest, an annual Minnesota trade show, during a listening session with farmers. “The markets are fungible. China is going to buy from … Read More

WORST MIGHT BE YET TO COME FOR CHINA’S ASF OUTBREAK

The outbreak of African swine fever (ASF) in China surpassed the one-year mark this month since the virus was confirmed there. ASF continues to spread in China and into neighboring countries despite the best efforts of farmers, veterinarians and government officials to contain it. Estimates suggest China, the world’s largest pork producer with nearly a … Read More

US RESTAURANT CHAINS LOOK TO CHINA FOR SALES GROWTH

Amid the ongoing trade war, large restaurant chains in the U.S. are ramping up development in China. Fast-food chains tend to benefit from economic downturns because consumers look for cheaper options. However, as multinational restaurant companies typically source some of food from their home markets and some from local markets, restaurant chains could feel a … Read More