In the first year of the phase one trade deal, U.S. ag exports to China reached $27.2 billion missing the target by more than $6 billion. While China did not meet its first-year commitments, the American Farm Bureau Federation says 2020 was a good year for pork, poultry, hay, beef and pea exports. Corn exports also exceeded 2017 export levels to China. To meet the phase one deal commitments in 2021, U.S. ag exports to China will need to reach $45.8 billion, a near 70 percent increase from 2020 levels.
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