WASHINGTON, D.C. (RFD NEWS)— There are new developments in U.S.-China trade, as the White House has now set a new date for a key meeting between President Donald Trump and Chinese President Xi Jinping.
Officials say the two leaders will meet in Beijing on May 14-15. The original trip was postponed so Trump could remain in Washington and monitor the war with Iran.
The White House also says China’s president is expected to visit Washington later this year, signaling continued dialogue between the two countries.
For agriculture, the meeting is seen as a potential turning point, with markets watching closely for any signals on trade, exports, and future purchasing commitments.
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In a final rule published in the Federal Register, the Department states that it will no longer base wage rates on the Farm Labor Survey.
Farmers are in the midst of harvest as the government descends into a shutdown and the Farm Bill expires. Key federal departments, crop reporting, and aid programs important to the agricultural sector are now on hold.
Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
Farmers face tighter barge capacity and higher freight costs during peak harvest.
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