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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China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
