Tag: Trade Deal

‘We Will Use the Full Range of Tools’: Trade Representative Says U.S. Will Enforce Phase One Trade Deal with China

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President Donald J. Trump, joined by Chinese Vice Premier Liu He, sign the U.S. China Phase One Trade Agreement Wednesday, Jan. 15, 2020, in the East Room of the White House. (Official White House Photo by Shealah Craighead)

U.S. Trade Representative Katherine Tai said the Biden administration would enforce the Phase One trade agreement negotiated by the Trump administration with China while giving a speech at the Center for Strategic and International Studies on Monday.

“For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world,” Tai said in prepared remarks. “China made commitments that benefit certain American industries, including agriculture, that we must enforce.”

China has fallen short on the purchase totals it agreed to as part of the agreement, increasing its purchases by only 69% as of July 2021, according to the non-partisan Peterson Institute for International Economics (PIIE).

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Florida’s Farmers Lost $4B to Mexico’s ‘Crop Dumping’

Grant Holcomb

Florida’s farmers are still struggling even after the signing of the United States-Mexico-Canada Agreement (USMCA), which received bipartisan support in Congress. Florida Agriculture Commissioner Nikki Fried is also calling on Floridians to buy Florida-grown products after Mexico’s “unfair trade practices.”

A new report from the Florida Department of Agriculture shows Florida is losing its market share for seasonal produce while Mexico’s share has continued to increase. The tactic is being referred to as “crop dumping,” which is when Mexican producers intentionally flood the American market with lower priced blueberries, strawberries, and other seasonal crops.

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Iowa Officials Laud Landmark Trade Deal Expected to Generate $200 Billion in U.S. Exports to China

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Local and national government officials and agricultural advocates are expressing their respective pleasure over Wednesday’s signing of the first phase of a sweeping trade deal between China and the United States.

Among the provisions of the deal are agreements from China to import an additional $32 billion in agricultural products; $80 billion in manufactured goods; $50 billion in energy products; and $35 billion in other services.

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