He said that a meeting with Chinese President Xi Jinping could happen later this month to finalize a deal to address U.S. allegations that Chinese industrial policies force U.S. companies to transfer technology to do business there. The administration and companies have also accused China of steal intellectual property.
Access to one of the top export markets for U.S. farm goods has been a key aspect of the negotiations. China‘s retaliation against U.S. tariffs has hit American farmers of soybeans and other commodities.China has imposed countertariffs on almost all of the goods that the U.S. exports there. Trump‘s tweet doesn’t specify if his demand is that China lift just its retaliatory tariffs or all tariffs on U.S. farm products.
As part of a deal, China has pledged to increase its purchases of U.S. soybeans and has made good-faith purchases amounting to millions of metric tons of the crop. But in spite of the resumption of buying, China has not formally announced whether it would remove its retaliatory tariffs on U.S. soybeans.
- China has long been accused of putting up barriers to certain agricultural imports like beef and poultry.
- The administration also says China needs to fix long-standing market access problems that U.S. grains and meat have.
- It is pressing China to address non-tariff barriers that have made it more difficult to get genetically modified crops and U.S.-produced beef approved for export.
- I think farmers in this country understand that China has been a great, and will continue to be a great market for U.S.
I think farmers in this country understand that China has been a great, and will continue to be a great market for U.S.
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