US China Agreement
Both the U.S. and China Friday confirmed what has been widely reported. The initial phase of a trade agreement between the two nations has been agreed upon. Back in February, U.S. Trade Representative Robert Lighthizer told lawmakers. “What we want is fair trade requires structural change and it has to be enforceable.”
And via a USTR press release, Ambassador Lightheizer said the agreement marks what he says is critical progress towards a more balanced trade relationship and a more level playing field. Part of the agreement includes Chinese commitments to purchase up to 50 billion dollars in U.S. agricultural exports. Among those anxious for a return to China's market is Tim Atkinson of the National Sorghum Producers.
Two years ago, it went from 80 percent of our U.S. sorghum crop, went to China to basically zero. We can get that trade reopened at the level it was. We're still exporting our crop into China. But at a much lower level.