U.S.-China Trade Talks
The United States and China have engaged in two rounds of high-level trade talks in May 2018, the second of which was held in Washington, D.C., May 17=18. A third round is scheduled to begin soon in Beijing. Following the second round of talks, the White House released a joint statement noting that “both sides agreed on meaningful increases in United States agriculture and energy exports,” but explaining that details will be worked out in the upcoming visit to China by the U.S. team. The Trump administration also suspended – at least temporarily – its threat to impose further tariffs on goods imported from China while trade negotiations continue. It is important to note, however, that the higher tariffs on imports of steel and aluminum from China will remain in place. It was in response to these tariff hikes that China imposed an additional 25 percent tariff on U.S. pork. USMEF has received numerous requests for comment on the U.S.-China trade talks. At this time we are only stating that it is encouraging to see the two sides talking, but we feel it is better not to speculate on possible outcomes. If you receive a similar request, please contact Joe Schuele at 303-547-0030 or email@example.com.