China Trade Deal Inches Along and Trump Budget Cuts

China Trade Deal Inches Along and Trump Budget Cuts

Bob Larson
Bob Larson
From the Ag Information Network, I'm Bob Larson with your Agribusiness Update.

**A U.S.-China trade deal continues to inch closer as Chinese officials claim to be working day and night with their U.S. counterparts.

The Chinese Vice commerce minister tells he's optimistic about the next steps in the talks and that slapping tariffs on each other was bad for workers, farmers, exporters and manufacturers.

It's still not known when the Presidents Trump and Xi will meet, but outside analysts say there's plenty of pressure pushing both sides.

**President Trump's third budget looks a lot like the first

two, especially when it comes to USDA.

According to, the fiscal 2020 proposal once again targets crop insurance, for $26 billion in cuts over 10 years, and the Supplemental Nutrition Assistance Program for especially deep reductions.

The proposals have little chance of getting past the House or Senate ag committees, but could resurface in budget negotiations down the road and in future administrations.

**In a step moving a new industry closer to commercial reality, the premier federal food-safety agencies have agreed on how to jointly regulate lab-grown proteins farm groups call "fake meat." reports, the FDA will oversee cell collection and growth, while the USDA will oversee harvesting and processing, and have final say over labeling.

Despite farm groups' opposition to cell-based meat, the FDA-USDA agreement was welcomed across the board as a wise collaboration that takes advantage of both agency's expertise.

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