China remains the focal point for many in U.S. agriculture as 2020 arrives, with the signing of the phase-one trade deal now expected to happen January 15.
China has taken actions on imports, implementing provisional import tax rates that are lower than the most-favored-nation rates for more than 850 commodities on Jan. 1, 2020. The list includes frozen pork, frozen avocados and non-frozen orange juice, in addition to some pharmaceutical products/materials.
China signaled the action was coming just ahead of 2020 and appears to have made good on the action.
This also puts attention on the level of tariff reductions that will be seen under the Phase One agreement which would greatly enhance U.S. competitiveness in several areas.
Chief U.S. ag trade negotiator Gregg Doud said the purchase commitments by China equate to $16 billion in additional ag buys beyond the $24 billion baseline level of Chinese purchases in 2017 – before the trade war with the U.S.
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