US To Press China To Make Up $16B Agricultural Trade Deficit
By Alyssa Aquino (January 11, 2022, 7:26 PM EST) -- U.S. Secretary of Agriculture Tom Vilsack has committed to hold China's feet to the fire over the $16 billion deficit in agricultural purchases that Beijing agreed to buy under the Trump administration's Phase One trade agreement.
Vilsack told farmers and agricultural leaders meeting at the American Farm Bureau Federation Convention that the Biden administration's top trade official planned on pressing China to "totally and completely" meet its trade obligations, including Beijing's vows to buy $80 billion worth of U.S. agricultural goods over the agreement's two-year lifespan. China fell short of that target by billions when the deal expired on Dec. 31,...
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