Trade Pact Aims to Boost US Agricultural Exports to China
The agreements are preliminary, with China's commerce ministry pledging finalization soon.
United States farm exports to China fell 65.7% to $8.4 billion due to tariffs and a 10% import levy.
China extended five-year registrations to 425 U.S. beef plants and approved 77 new ones.
Trade Representative Jamieson Greer expects China to buy 'double-digit billions' of US farm goods in three years.
Johnny Xiang of AgRadar Consulting says tariff reductions will normalize China-U.S. farm trade.
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