In this file:
· Announced China Ag Purchases Lack Details
· China Trade Truce: Is 90 Days Enough?
Announced China Ag Purchases Lack Details
Source: National Association of Farm Broadcasting News Service.
via Southeast Ag Net Radio Network - December 5, 2018
Agriculture eagerly awaits any details regarding increased purchases of U.S. ag products by China. President Trump over the weekend said following a discussion with China that the nation “will be buying massive amounts of product from us,” promising an “incredibly positive impact on farming.”
Politico reports, however, there is no guarantee China will hold its end of the bargain, as China’s statement on the talks made no mention of ag products. There are also little details in the announcement from Trump as the quantities and specific products are undetermined, though the White House says the purchases will begin “immediately.”
The U.S. Meat Export Council called China’s willingness to return to the negotiating table encouraging, but added that...
China Trade Truce: Is 90 Days Enough?
By Anna-Lisa Laca, Farm Journal's Milk, Online and Business Editor
via AgWeb - Dec 5, 2018
Over the weekend, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day trade truce intended to work toward a trade agreement. But will 90 days be enough? Analysts are doubtful, and recent tweet from President Trump implies he’s doubtful too.
According to J.P. Morgan Chase CEO Jamie Dimon, negotiating a permanent trade agreement between the U.S. and China will be tough to reach in just 90 days.
"There's no way you can see the complexity of these trade negotiations in 90 days," Dimon said at the Goldman Sachs Financial Services conference on Tuesday, according to CNBC. "I'm hoping they'll announce that they've made progress enough to continue negotiating."
Meanwhile, on Tuesday Trump seemed to backtrack from his prior 90-day timeframe for a broader agreement with China. On Twitter Trump said an extension might be necessary if the 90-day timeline does not prove sufficient.
According to ProFarmer policy analyst Jim Wiesemeyer, White House officials plan to take a tough stand in their 90-day trade negotiations with China or impose further tariffs. Importantly, Chinese officials finally said the talks have a “clear timeline and road map.”
On Wednesday, the Chinese Commerce Ministry issued a statement on the results of the Argentine meeting. "China will start from implementing specific issues on which consensus has been reached, and the sooner, the better," the Commerce Ministry said on its website.
Wiesemeyer said the Chinese noted there is a "clear timetable and road map" for talks and that China would "actively promote the work of negotiations within 90 days in accordance with a clear timetable and road map." The ministry’s statement said it was "confident in implementation" and said the latest bilateral talks were "very successful."
However, Politico reports U.S. Commerce Secretary Wilbur Ross thinks...
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