Lawmakers Encouraged, Cautious on New US-China Trade Deal

U.S. Grains & BioProducts Council Responds To New Trade Deal Between U.S. And China - U.S. Grains & BioProducts Council

This week, the U.S. struck a trade deal with China, one of its most complex trading partners, that promises to open the Chinese market to U.S. soybeans and other agricultural exports. China agreed to purchase 12 million metric tons (MMT) of U.S. soybeans before the end of 2025 and at least 25 MMT of U.S. soybeans in each of 2026, 2027 and 2028 and the country will resume purchases of U.S. sorghum. In addition, according to the deal’s details, Ch…

Lawmakers Encouraged, Cautious on New US-China Trade Deal

Several lawmakers offered a mix of praise and skepticism Oct. 30 when asked to assess the new U.S. trade deal with China. While awaiting further details on the agreement, Sen. Josh Hawley, R-Mo., said that what...