Politics
Chinese trade is positive – AG INFORMATION NETWORK OF THE WEST
Positive trade with China
From the Ag Information Network, my name is Bob Larson. President Trump and Chinese President Xi Jinping met recently to discuss trade and other issues.
Faith Parum, an economist at the American Farm Bureau Federation, says China remains a top trade priority, even after last year’s disruption…
PARUM… “For 2025, we saw fewer sales to China due to some trade disruptions, but we have received recent news from the administration on potential trade deals that will help boost sales of U.S. agricultural products. We are seeing ships heading to China, so that’s a good sign, but we’re expecting more, obviously, as the details come out of this negotiation.”
In recent negotiations, China and the United States agreed to some additional agricultural purchases on top of commitments made last year…
PARUM… “The White House released a fact sheet detailing some of the deals it signed up to, which represent about $17 billion a year in agricultural products on top of the purchase commitments made in October. So that deal is still in effect, plus on top of that, that additional $17 billion.”
Trade continues to be vital to the success of American agriculture…
PARUM… “Approximately 20% of all agricultural products are exported, which means that one in five is exported. In 2025, Canada and Mexico will be our largest trading partners, with the European Union being our second largest export market for agricultural products. As we begin to talk about the future of the agricultural economy, ensuring that we continue to diversify market opportunities for farmers will really help establish a stable foundation.”
Learn more on the Market Intel page on fb.org.
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Sources 2/ https://www.aginfo.net/report/65520/Washington-State-Farm-Bureau-Report/China-Trade-Positive The mention sources can contact us to remove/changing this article |
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