In a letter to the President in May President of the American Farm Bureau, Zippy Duvall said farmers face other key markets due to the escalation of tariffs in China and China from "almost unprecedented economic insecurity and distress" , He urged Mr. Trump to make a deal as soon as possible and said, "In agriculture, many are running out of time."
But Mr. Trump's approach has hampered his ability to reach a definitive deal, including securing the large obligations on the farm, that he presented last month. The American negotiators now face the difficult task of translating the massive purchases Mr. Trump has requested ̵
While China needs and wants to buy agricultural commodities such as soybeans and pork, it has resisted conditions that would expose it to allegations of favoring American products over other countries, as well as agreements that could lead to more American tariffs if his purchases can not get through.
Even if US negotiators ensure better market access for beef, pork, dairy, and genetically modified products, the Washington-based analysts who conducted the calculations have difficulty figuring out how the United States might increase their agricultural exports to China too much more than $ 30 billion a year, without distracting trade from anywhere else.
Mr. Trump's tariffs also remain a source of uncertainty as his government sends out mixed signals as to whether any of the existing charges will be removed if an agreement is reached.
The President announced the Phase 1 trade agreement during an Oval Office meeting with Liu He, China's leading trade negotiator. While Mr. Trump canceled a tariff increase planned for October 15, he did not mention any redemption of duties. This has not been well received by the Chinese, who have since been under pressure in Germany to seemingly give too much to the US.
"Without rescinding some of the tariffs or reducing the uncertainty of not increasing any extra tariffs, I would ask what the additional incentive for the implementation of this agreement is on the Chinese side. " He Jianxiong former executive director for China at the International Monetary Fund, said at an event in Peterson on November 6 Institute in Washington.