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Chinese trade negotiators had a sudden change of plans Friday, canceling a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.
China plans to exclude American farm goods, including soybeans, from tariffs in the latest move to ease trade tensions before the two countries restart trade talks next month.
President Donald Trump said China will start purchasing U.S. farm goods “in large amounts.”
With the ongoing trade tensions between the U.S. and China, many American soybean farmers are losing one of their main export markets. But, as Contessa Brewer tells us, some of these farmers were in Chicago to meet with buyers looking for new partnerships.
Shares of Deere fell on Friday after the equipment company missed earnings expectations for its fiscal third quarter and lowered guidance for the full year, saying farmers were delaying purchases because of uncertainty around the trade war.
Contessa Brewer reports from California where one company there is looking to become the first U.S. business to export rice to China.
The Chinese pork industry has been devastated by the spread of the African swine flu disease where the Chinese are stocking up on pork reserves. But, as Eunice Yoon tells us, the Chinese are looking to shift their strategy.
U.S. farmers lost one of their biggest customers this week after China officially cancelled all purchases of U.S. agricultural products, a retaliatory move following President Donald Trump’s pledge to slap 10% tariffs on $300 billion of Chinese imports.
Democrats attend the Iowa State Fair bringing their trade message to farmers. Kayla Tausche has more for us.
China has stopped taking agriculture imports from the U.S. which is taking a toll on American farmers. Aditi Roy has more for us.
Farmers are losing their fourth-largest customer as China officially stops buying U.S. agricultural products.
Kayla Tausche reports from Washington regarding President Trump’s trade strategy with China and what we might expect with future negotiations.
President Trump announced a trade deal which will help farmers in the country and as Kayla Tausche reports it is still connected to the tensions with China.
President Donald Trump announced an agreement Friday to boost beef exports to the European Union.
President Donald Trump ripped into China in a series of tweets Tuesday just as the two sides are set to resume stalled negotiations toward a much-anticipated trade agreement.