Trade is not the top priority for the Biden administration, but there are highly skilled leaders at the Office of the U.S. Trade Representative implementing current trade deals. These leaders are focused on rebuilding bridges will allies. “Looking at how we balance China’s state-owned economy and non-market actions that can hurt American agricultural exporters across the board,” says Sharon Bomer Lauritson, founder, Ag Trade Strategies. When it comes to agriculture in the phase one trade deal between the U.S. and China, Bomer Lauritson believes China’s done well meeting their commitments of the purchase agreement. “China’s done well compared to the other sectors on those purchases. As of September, we’re at 70 to 75 percent of the goal for the year. At the end of December, we’ll see what China decides to do on retaliatory tariffs.” She does not expect the Biden administration to pursue a phase two trade agreement with China.
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