Today, USDA released the latest interim report from USDA and USTR on the Phase One China trade agreement. The report notes that “Chapter Three of the Phase One Agreement contains concrete, specific commitments to reduce and eliminate structural, non-tariff barriers to U.S. agriculture in China’s market” for a wide variety of commodities and for biotechnology. To date, China has implemented 50 of the 57 commitments. As for the higher profile provisions of the agreement (Chapter Six, which sets import goals), the report outlines the following:
China has met 71 percent of its purchase goals in agriculture for 2020
The agreement went into effect in February 2020, making March the first full month under the plan, and...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
