Negotiating new trade deals is not the top priority for the Biden administration, but former Chief Ag Negotiator and Edelman PR Vice Chair of Ag, Food and Trade Darci Vetter says there are overlapping trade decisions the administration will be making soon on tariffs. How the administration makes the decisions will signal how they’ll deal with future trade problems. “As they review the phase one deal, there are hundreds of billions of products we import from China currently facing import tariffs. A few products had exclusions expiring December 31. The Biden administration will have to figure out how to deal with those.” An additional item the Biden administration will consider with China is benchmark purchases. “There are valid questions to ask. I think it’s worth agriculture thinking about. How would we like to engage with China?”
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