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Chief Ag Negotiator updates Chinese trade status

Photo by Dustin Hoffmann

We have all been clamoring for more information about the meeting between President Trump and Chinese President Xi. Today, at the Iowa Farm Bureau Convention we had the chance to hear from Chief Ag Negotiator Gregg Doud.

The first question on everyone’s mind was concerning the agreement reached with China last weekend. Doud says it is China’s decision how far they want to go on easing the burden on U.S. Ag producers.

Doud was asked if he knew what Ag purchases China would make, or how much. His response:

Normally this is the time of year which China makes more soybean purchases from the United States to fill their demand until the Argentine harvest gets going. Doud was asked if this could have been a motivator for China. Doud’s response:

Doud says the issues we have with China did not just develop in the past few months. They built up over time.