Trump Administration Cheers 'Herculean' Trade Breakthroughs With China
- Author: Zachary Reyes May 20, 2017,
May 20, 2017, 8:17
The 10-part deal was hailed as an "early harvest" from the 100-day action plan that Chinese President Xi Jinping and US President Donald Trump agreed to pursue at their Mar-a-Lago meeting in the United States in April.
China will allow US imports of beef no later than July 16, while the United States will issue a proposed rule to allow Chinese cooked poultry to enter USA markets.
"Restoring U.S. beef exports to China opens the door to sell high quality, safe and delicious Kansas beef to almost 1.4 billion new customers in China", Brownback said.
The decision to lift by no later than July 16 a ban on imported American beef imposed in 2003 over mad cow disease concerns is good news for Chinese consumers, said Peking University professor Yu Miaojie. Chinese market means access to 1.4 billion new customers of USA beef.
In a tweet, President Trump said China agreed to allow the U.S.to sell beef and other major products in China. "It's impossible to overstate how beneficial this will be for America's cattle producers, and the Trump Administration deserves a lot of credit for getting this achieved", said Craig Uden, President, NCBA.
The White House announced it reached trade deals with China Thursday that will increase access for USA financial firms as well as expand beef and chicken trade. "China relations on trade", Ross said. "This will help in US economy in infrastructure, ports, bridges, railways and roads - areas where the U.S.is weak and China has advantages".
A pro-trade organization is hopeful that a new agreement re-opens the door to China.
Trump had pledged during his presidential campaign that he would stop trade practices by China and other countries that he deemed unfair to the US.
On Friday, when he was asked if the trade talks with the USA were related to the country of North Korea, a China representative said economic issues shouldn't be politicized.
But the US beef industry has really tried to stress in meetings with the Chinese that it can address their concerns. "We're looking forward to seeing just how high this demand can go", he said. "It was a result of cooperation and reflected the expectation of the people of the two countries", Zhu told reporters at a news conference.
Regular LNG exports from the U.S. would supply China with a fuel that is in high demand because it burns cleaner than coal and oil, and is therefore becoming the fuel of choice for electricity generation, along with renewable sources.
Townsley said the Administration has shown great leadership in working with the Chinese government and industry to help finalize market access for USA beef.
"We have been anticipating this announcement and have already been working to build key partnerships in China for Nebraska", Nebraska Department of Agriculture Director Greg Ibach said in a statement. The move would allow China to diversify its supply and provide a significant market for American suppliers - though the expansion could boost prices for us consumers. Its import market is now dominated by Brazil, Uruguay, Australia and other nations with meat that's generally cheaper than North American beef, according to the Foreign Agricultural Service.
Noting that Kansas beef is the largest agricultural sector for the state, generating more than $15 billion annually, Kansas Agriculture Secretary Jackie McClaskey called the agreement "tremendous news for Kansas agriculture".
For example, notable for its absence was anything related to the US steel industry, which has been promoted by President Donald Trump.