High level trade talks between the U.S. and China will happen next week.
U.S. Trade Representative Robert Lighthizer and the Chinese Vice Premier will meet on a video conference on August 15th. They will assess the progress of the Phase One China Trade Agreement, focusing on China’s commitments to buy U.S. ag goods, energy, and manufactured goods.
China is expected to raise issue with the U.S. cracking down on Chinese tech companies.
So far, China is well below its commitments to import $33 billion dollars in U.S. ag goods this year. The U.S. has sent $6.44 billion dollars worth in the first half of the year. To reach the goal, America must export another $26.9 billion dollars. That is about $4.48 billion dollars per month, 4 times more than the current monthly pace.
Update on U.S. and China Relations.
China makes biggest corn purchase.
President Trump’s optimism over trade deal has fallen.