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U.S. to Continue With Trade Action Against China

DanIndustry News Release, Trade

Despite a potential agreement on trade issues between the U.S. and China, the Trump administration will continue to pursue action against China.

tradeBy mid-June, The U.S. is expected to release a list of $50 billion worth of Chinese goods that will be subject to a new 25 percent tariff, according to Reuters. The United States will also continue to pursue litigation against China at the World Trade Organization.

China earlier this month agreed to purchase more U.S. agricultural products, and the U.S. said the two had reached a deal for mobile phone manufacturer ZTE to remain in business. However, with nothing finalized, it appears the U.S. will push forward with what it calls “enhanced export controls” related to technology.

The previous announcements eased the scare of a trade war, but President Trump last week said any agreement between the two would need “a different structure,” prompting more trade uncertainty.

From the National Association of Farm Broadcasting News Service.