China is in the process of waiving retaliatory tariffs on imports of U.S. pork and soy by domestic companies, a procedural step that may also signal a broader trade agreement with the U.S. is drawing closer.
Chinese consumers saw some relief from skyrocketing pork prices in China, as the cost of pork receded last week. Meanwhile, China’s pork imports in October doubled from last October, customs data showed on Saturday.
At the recent USMEF Strategic Planning Conference, Joel Haggard, USMEF senior vice president for the Asia Pacific, reported on the situation in Hong Kong, where large street protests have been taking place for months.
In an exclusive with Pro Farmer's Jim Wiesemeyer and Farm Journal's John Herath, Democratic House Ag Committee Chairman Colin Peterson said House Speaker Nancy Pelosi wants to get the USMCA vote on the fast track.