Tai Participates in Meeting with Asia Pacific Trade Partners

Over the weekend, U.S. Trade Representative Katherine Tai, met with Asia-Pacific trade ministers while also commenting on the U.S.-China trade relationship. Before the meeting, Tai said regarding trade with China, “It’s a relationship in trade that has been marked by significant imbalance — that is in terms of performance, but also in terms of opportunity […]

AFBF: China Is Closing The Phase One Trade Gap

Data shows China is closing the gap towards reaching the goal of purchases in the Phase One trade agreement. American Farm Bureau Federation Economist Veronica Nigh said according to numbers released in April of this year, exports bound for China are around $10 billion, which is roughly 25% of the 2021 goal of $40 billion. […]

Vilsack Takes A Look At U.S./China Relationship

Phase One of the U.S./China Trade Agreement and its benefits to the American farmer have been boosted in part by Chinese purchases of various commodities. But in terms of his own confidence that this trend will continue, Agriculture Secretary, Tom Vilsack, recently noted: “I’m confident as long as the relationship is focused on trade because […]

Tai Confirmed as U.S. Trade Representative

By a unanimous 98-0 vote Wednesday, the Senate confirmed Katherine Tai as the next U.S. Trade Representative. Tai had already won a unanimous voice vote in committee. Senate Finance Chair, Oregon’s Ron Wyden called Tai a “terrific person” for USTR. “She led crackdowns against China’s trade cheating and job ‘rip-offs.’ As the top trade staffer on the Ways […]

Trade Policy will be a Big Topic on Thursday

Trade policy is expected to be front-and-center this week as the Senate Finance Committee considers President Biden’s nominations for the U.S. Trade Representative and the number two Treasury official. Wally Adeyemo is the nominee for Deputy Treasury Secretary, and Katherine Tai is the USTR nominee. How the Biden Administration will handle China in the wake […]

Former U.S. Ambassador Gregg Doud Joins Aimpoint Research

Aimpoint Research announced Tuesday the addition of former U.S. Trade Ambassador Gregg Doud. He has been named Aimpoint’s vice president of global situation awareness and chief economist. Doud who most recently served as Chief Agricultural Negotiator in the Office of the U.S. Trade Representative, was one of the primary architects of the U.S.-China “Phase One” […]

Beef Exports Off In 2020, But USMEF Sees Reason For Optimism

According to the latest numbers from the USDA, U.S. beef exports finished 2020 lower year-over-year, down in both volume at 1.25 million metric tons, and value at $7.65 billion. But the news isn’t all bad. USMEF President and CEO Dan Halstrom said beef ended the year on a very strong note. “[I’m] quite happy with […]

Biden to Approach China with “Strategic Patience”

The Biden administration will approach economic and trade relations with China with “strategic patience.” The administration is starting to review current policies, including reviewing tariffs, but that doesn’t mean Biden favors removing tariffs. Earlier this week, White House Press Secretary Jen Psaki said the President “will take a multilateral approach to engaging with China, and […]

NAFB Hopes Phase I Continues

The American Farm Bureau Federation says China has been a boon to U.S. farm commodity prices for several months. Now the organization is hopeful President Biden’s Ag and trade teams follow through and preserve the Trump Phase I deal and consider a Phase II agreement. AFBF trade adviser Dave Salmonsen said the Biden transition team […]

USDA: No Stone Left Unturned When It Comes To Trade Markets

While much of the attention of the farm community, and the world really, was on coronavirus, trade took place over the past year. And specifically Ag trade. Much of that focus over the past 12 months was on new trade agreements between the U.S. and major export customers such as Mexico, Canada, Japan and China. […]