Trump: Chinese corn purchases in the United States exceeded expectations

WASHINGTON, Feb. 22: U.S. President Trump said at the White House this week that U.S. corn exports to China have been part of trade negotiations between the two countries. We will sell more corn to China than anyone imagines. He also said that the trade negotiations between the United States and China are progressing very smoothly.

Since China imposed tariffs on a series of American agricultural products last year, American farmers have been at the centre of the Trump trade war. In recent months, China has returned to the market to buy American soybeans because of the suspension of trade war between the two countries. The two countries plan to continue negotiations in Washington on Friday, as the March 1 deadline is approaching.

Although soybeans have always been the headline news about tariffs on agricultural products, many other agricultural products also face tariffs. In addition to corn, apricots, alfalfa, cherries, pistachios, pork and sorghum, there are other items on the tax increase list.

Farmers are part of the cornerstone of Trump's victory in the US presidential election. As the price of agricultural products has fallen sharply, farmers'support for Trump has remained basically elastic. Nevertheless, some problems have begun to emerge. At an ethanol conference in Iowa last month, Jeff Altena, manager of Siouxland Energy, said the support given to the government by the agricultural community could begin to break.

To appease the constituency, Trump expressed his "love" for farmers on social networks. His government provided a package of assistance to farmers to help offset the impact of tariffs. The U.S. Department of Agriculture said last week that since the program was first implemented in September, more than 864,000 farmers have applied and paid nearly $8 billion.

Steve Censky, Deputy Secretary of agriculture, said a group from the U.S. Department of Agriculture also participated in the talks last week. The negotiations were fruitful. He declined to say whether China would agree to buy more U.S. agricultural products. 'Our goal is not only to get some very strong purchasing commitments, but also to get real long-term fundamental structural reforms,'he said.

Source: Master Boyi; reprinting this article is only for the purpose of disseminating more information, and does not mean that our website endorses the author's point of view.