Several U.S. commodity organizations are looking at the U.S.-China Phase One deal as an opportunity to sell more of their products to China.
Jim Sumner, president of the USA Poultry and Egg Export Council, said Friday's deal opened an opportunity for $2 billion in annual poultry exports to China. "We hope to have a good share of that $40 billion," he said.
Meanwhile, U.S. pork exports to China were $1 billion in 2017, according to the U.S. Meat Export Federation. An Iowa State University analysis in 2018, published before the swine fever outbreak, concluded that China could import $8.9 billion more U.S. pork once tariffs were gone.
Chinese officials at a Friday press event signaled they would buy some U.S. wheat and rice, among other commodities. Before that China confirmation, many U.S. commodity analysts said there were low odds China would purchase U.S. rice or wheat.
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