Official Debunks Report China Could Buy $70 Billion of U.S. Products

6/11/18 Ambassador Doud on Trade with China at World Pork Expo

Last week, several major news outlets reporting that during recent trade talks in Beijing, China proposed to buy roughly $70 billion worth of U.S. ag and energy products if the United States lifts its proposed tariffs.

However, some in the administration say that number is flawed.

“I have no idea where that number [possibly $70 billion to $100 billion] came from,” said U.S. Trade Representative (USTR) chief ag negotiator, Gregg Doud.

“That is not a number which has any type of relationship to any kind of conversation that I’ve had. I was the one along with my counter-part Under Secretary [of Agriculture for Trade and Foreign Agricultural Affairs] Ted McKinney.”

AgDay national reporter Betsy Jibben asked, “Is there a number and a list?”

“I think there has been a conversation about that but that $70 billion number is beyond any overall number.”

Doud visited Beijing with the U.S. team earlier in the month to discuss trade issues with China. Doud says there are structural sanitary and phytosanitary policy issues that need to be addressed before the U.S. can export significantly higher amounts of ag products to China.

Jibben talks with Ambassador Doud at the World Pork Expo on AgDay above as well.

Comments

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
Submitted by RAHEL COHRAN on Tue, 06/12/2018 - 18:23

Hello.
I am Mr Rahel Cohran a private loan lender who gives life time opportunity loan to individuals, business firms, insurance, etc. Are you in any financial difficulty or in need of loan to invest or you need a loan to pay your bills search no further as we are here to make all your financial problems a thing of the past. We offer all kinds of loan in any currency denomination with rate of 2% without upfront fee.I want to use this great medium to let you know that we are ready to assist you with any kind of loan to solve that your financial problem.If yes then get back now via Email(contact@saintloan.com) or visit our webiste(www.saintloan.com) for more details,YOU ARE HIGHLY WELCOME.