USDA logo

Feb 25, 2020
USDA, USTR cite progress on implementation of US-China Phase One Agreement 

U.S. Secretary of Agriculture Sonny Perdue and United States Trade Representative Robert Lighthizer said Feb. 25 that China has taken numerous actions to begin implementing its agriculture-related commitments under the landmark U.S.-China Phase One Economic and Trade Agreement on schedule. The agreement entered into force on Feb. 14, 2020.

These actions include: 

In addition, China has begun announcing tariff exclusions for imports of U.S. agricultural products subject to its retaliatory tariffs (Tariff Exclusion Process Announcement), and it announced a reduction in retaliatory tariff rates on certain U.S. agricultural goods (Tariff Rate Adjustment Announcement). These types of actions will facilitate China’s progress toward meeting its Phase One purchase commitments. 

“President Trump and this administration negotiated a strong trade agreement with China that promises significant benefits for American agriculture,” Perdue said. “We look forward to realizing these benefits this year and are encouraged by progress made last week. We fully expect compliance with all elements of the deal.”

“President Trump signed the Phase One agreement a little more than a month ago and we are already seeing positive results,” Lighthizer said. “Under the president’s leadership, we will ensure the agreement is strictly enforced for the benefit of our workers, farmers, ranchers and businesses.” 

 




Current Issue

Fruit Growers News May 2024 cover

Advancing research in biocontrols

Inflation, farm input costs shape farm market prices

Farm market pricing guide

Great Bear Vineyards’ organic journey

Organic Grower: Field Watch

A win for farmers

Business: Improve the odds

Farm Market & Agritourism: markups vs. margins

see all current issue »

Be sure to check out our other specialty agriculture brands

produceprocessingsm Organic Grower