President Donald Trump signed the historic Phase One Trade Agreement with China Wednesday, an agreement which calls for China to purchase between $40 and $50 billion in American agricultural goods each year for two years.
“Together we are righting the wrongs of the past and delivering a future of economic justice and security for American workers, farmers, and families,” said President Donald Trump as he prepared to sign the agreement with Chinese Vice Premier Liu He. “The agreement tears down major market barriers for U.S. food and agricultural exports. China will now welcome American beef and pork, poultry, seafood, rice, dairy, infant formula, animal feed, biotechnology and much, much more.”
Soundbites from President Trump and Vice President Pence related to agriculture:
China trade agreement signing soundbites
Trump :26 (…farmers and families)
Pence :30 (…American workers first.)
Trump 1:38 recognizing Sens. Ernst, Grassley and Fischer for ethanol support
Trump :38 (…be able to do it.)
Trump :52 (…just discussed.)
Agriculture Secretary Sonny Perdue attended the signing ceremony. “This agreement finally levels the playing field for U.S. agriculture and will be a bonanza for America’s farmers, ranchers, and producers. China has not played by the rules for too long, and I thank President Trump for standing up to their unfair trading practices and for putting America first. We look forward to exporting to Chinese customers hungry for American products.”
USDA released an eight-page summary of the agreement on agriculture.
USDA Secretary Perdue statement on China signingNational Cattlemen’s Beef Association president Jennifer Houston joined Kent Bacus, NCBA director of international trade and market access, for a press call Wednesday afternoon to discuss what the agreement means for beef producers.
NCBA China trade deal press call