U.S. President-elect Joe Biden has said that he will not immediately act to remove the Phase 1 trade agreement, which President Donald Trump inked with China, the New York Times reported on Wednesday.
During U.S. Treasury Secretary Janet Yellen’s confirmation hearing in January, Yellen previewed how the Biden administration may address trade issues with China.
All dairy tariffs, which can be as high as 20%, will be removed within four to 11 years.
Policy news grabbed the headlines yesterday, as USDA Secretary Sonny Perdue announced a $12 billion relief package for farmers impacted by tariffs. Beef leaders say they look forward to reviewing the details.
Whether it’s to fulfill Phase One promised, or an increased need for feed, some say the timing of the record Chinese buys isn’t a coincidence. So, what's driving the record demand from China?
Ban had been in place since 2003 after mad cow disease found.
John Nalivka says Americans must look at the bigger picture and our relationship with China as we discuss this complex topic of tariffs.
The United States’ number one beef importer for value and volume is hiking its tariffs on U.S. beef products.