US-China Economic & Trade Agreement: USDA releases progress report on implementation of agri provisions
The US Department of Agriculture (USDA) and the Office of the U.S. Trade Representative (USTR) published a progress report about the implementation of the agricultural provisions in the US-China Phase One Economic and Trade Agreement.
Outstanding sales of US corn to China are at an all-time high of about 8.7 million tons, while US pork exports to China touched a record in just the first five months of 2020, the report said.
“This China Phase One Agreement is proof President Trump’s negotiating strategy is working. While it took China a long time to realize President Trump was serious, this deal is a huge success for the entire economy,” said U.S. Secretary of Agriculture Sonny Perdue, adding the agreement finally levels the playing field for U.S. agriculture and is a bonanza for American farmers.