Profits Abound as Shippers “Cash In” on Disruptions
Currently, around 16 percent of the global dry bulk fleet is tied up waiting to unload at various ports worldwide, creating inefficiency and increased shipping costs.
Currently, around 16 percent of the global dry bulk fleet is tied up waiting to unload at various ports worldwide, creating inefficiency and increased shipping costs.
Now with just four months left to go, it appears the Chinese will not be able to completely fulfill their commitments for buying U.S. agricultural goods as part of the Phase One agreement.
What is the value of the Phase One Trade Agreement that the United States and China implemented almost 18 months ago?
As agricultural trade remains strong, commitments made during the Phase One Economic and Trade Agreement between the U.S. and China last year are still below the mark.
As we approach the 16 month anniversary of the signing of the Phase One Economic and Trade Agreement between the United States and China went into effect, the results are being interpreted in many ways.
As China continues to ramp up its purchases of U.S. ag products to meet their Phase One trade agreement with the United States, some growers are experiencing higher prices for their raw commodities.
As the Phase One Trade Agreement between the United States and China concludes its first year, the Peterson Institute for International Economics says China’s purchases of all covered products are below the year-to-date target.
Expanded soybean exports, led in part by increased Chinese buying under the United States-China Phase One trade deal, are tightening the availability of U.S. soybeans the current marketing year which ends in August.
According to the Peterson Institute for International Economics, China’s total imports of covered products from the United States were $100 billion, compared with the target of $173 billion.
President-Elect Joe Biden has selected Katherine Tai as his nominee to head the U.S. Trade Representative’s office.
As a new administration prepares to hit the ground running in around 40 days, there are many questions regarding future U.S. relations with China.
Eight months after signing the Phase One Trade agreement, the United States and China are celebrating the first-ever commercial shipment of U.S. grown rice to China.
After signing the Phase One Trade Agreement on January 15, 2020, optimism was high that the Chinese would purchase record amounts of U.S. commodities from farmers and ranchers.
Eight months after reaching a Phase I trade agreement with China, the United States is already seeing good results from the pact.
Following another big week of commodity purchases from China, a recurring question by U.S. farmers and farm groups is whether these exports will, in fact, add up to their commitments.
The U.S. and China are seeing progress in the implementation of the Phase 1 trade agreement. During a six-month review this week, senior officials from both countries reaffirmed commitments to ensuring the agreement’s success.