After months of bad news on a market-crippling trade war, farmers and ranchers are getting some good news.
President Trump and the Chinese leadership have sketched the beginnings of a deal.
There is progress on intellectual property and a Chinese promise of purchasing U.S. agricultural commodities. Much remains to be worked out, but after months of tariffs and retaliation, the two sides are talking again.
A few days ago, an agreement was reached on a U.S.-Japan bilateral deal. That means tariffs on many agricultural products will be rolled back. They include beef, pork, poultry, cheese, grains, nuts, berries and others.
Finally, the United States-Mexico-Canada Agreement–USMCA–is moving toward completion with bipartisan support. It’s the old NAFTA. In normal trading circumstances, Mexico and Canada are our second and third largest trading partners, behind China.