When it comes to a trade war, US-China still hasn’t finished it, and now the pandemic situation is making things harder for US farmers. China, a few months ago under Xi Jinping’s leadership, agreed to import agricultural products from the US and finally took some action. The agreement between US-CHina to import US-based agricultural products for $36.5 billion is still pending because the Asia country imported goods worth $4.65 billion in the last four months. US Secretary of State Mike Pompeo recently met with Chinese delegates to talk about trade war issues. He mentioned how both countries are still trying to complete the first phase of a trade deal, which happened four months ago.
Pompeo wrote on twitter about how Chinese delegates have been reminded of completing the unfinished trade deal that happened four months ago. The first phase of the trade deal occurred just before the coronavirus pandemic occurred, and everyone knows how the Trump administration has acted so far. The Trump administration blamed China on the international level for not being able to control the spread of coronavirus, which came from China. Trump criticizes the actions taken by the Chinese government to be selfish and ignorant and decided to shut down the fundings of WHO.
These two countries were already in a trade before this happened; each country levied massive tariffs on other country’s imported products. Huawei, a Chinese tech giant company, is still banned in the US on security concerns. However, now Chinese delegates want to move forward in this trade war by doing what they promised. Agricultural products like Corn, Wheat, Meat have great demand in China, and imports from the USA will be beneficial for American farmers. The market hasn’t given any good news for farmers in the last few months, but this one will give a good trade deal for them.
