First phase of US-China trade deal finalised

The US NFU is cautiously optimistic that the agreement will stabilise agricultural export markets.
calendar icon 16 January 2020
clock icon 4 minute read

“After so many months of uncertainty and escalating tensions, it is a good sign that our two countries appear to have found common ground. We are hopeful that this deal will meaningfully address China’s problematic trade practices and intellectual property theft as well as finally establish some stability for American farmers’ export markets.

“But given the numerous deals that have been reached and then breached in the past two years, we are also sceptical. And without more concrete details, we are deeply concerned that all of this pain may not have been worth it. Not only has this trade war cost farmers billions of dollars worth of sales to China, but it has also bruised our reputation, making other trading partners reluctant to work with us. To justify these lasting damages, this deal must deliver more than vague, unenforceable, short-term commitments ­– we need real and lasting behavioural change from China, and we need reliable and robust agricultural export markets. That is the standard the Trump administration should be aiming for as it negotiates the next phase of this agreement.”

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