U.S. Agriculture Secretary Sonny Perdue signaled that a renewed transatlantic trade truce will require more ambitious European Union efforts to ease imports of American foods.
President Donald Trump and China’s Xi Jinping agreed to another truce in their trade war Saturday, removing an immediate threat looming over the global economy even as a lasting peace remains elusive.
The U.S. hiked tariffs on more than $200 billion in goods from China on Friday in the most dramatic step yet of Donald Trump’s push to extract trade concessions.
President Donald Trump plans to to implement the previously delayed tariff increases on Chinese goods on Friday, raising tariffs from 10% to 25% on $200 billion worth of goods.
America’s largest foreign beef customer is shifting to other suppliers as new free trade agreements have created vast blocs excluding the U.S., offering lower tariffs on agricultural and industrial goods.
