With the 90-day rollback in tariff rates, NDSU Crops Economist Frayne Olson sees a short-term window for the U.S. to re-enter the Chinese market. “The first steps of this are to de-escalate, meaning that we’re going to take the tariffs that both the U.S. and China had on each other’s products and bring that back down to levels where at least some trade is possible.” Despite all the rhetoric between the two countries, Olson said the tone likely shifted dramatically in private meetings. “I think it was really important that the key decision makers, both from the Chinese side as well as from the U.S. side, sit down in the same room and say, all right, let’s just have an honest discussion about what is possible.”
