A broad coalition representing agriculture is asking President Donald Trump to preserve the Phase One trade agreement with China by holding China accountable for commodity purchases.
The letter, sent this week, was signed by 192 groups representing all parts of the food value chain and rural economies.
The groups seek continued implementation of the U.S. China Phase One Trade Agreement due to the significance of China’s market for U.S. food and agricultural exports.
The letter says the world grain and oilseed market is experiencing the greatest oversupply of production since the 1980s, and the United States is facing increasing competition from foreign sources.
The organizations say the trade agreement “will act as foundation for prosperity of the U.S. agriculture sector.”
The letter concludes, “You have our full support and appreciation as you and your outstanding trade team work to ensure that China meets its commitments under Phase One now and into the future.”
Story Courtesy of the NAFB News Service