China says U.S. farmers may never bounce back
Story Date: 8/14/2018

 

Source: POLITICO'S MORNING AGRICULTURE, 8/13/18

The U.S. and China trade relationship may never be the same, even if the trade tensions between the two countries eventually cool off. Its vice agriculture minister said over the weekend that China has other options to purchase and grow its own agriculture goods — indicating that American farmers could permanently lose their place in the Chinese market they have spent several decades building up, reports the South China Morning Post. China, the world's largest buyer of soybeans, has been purchasing more of the crop from other countries, as well as exploring alternatives to feed livestock and encouraging farmers to plant domestic crops. Read more here as part of a content partnership that POLITICO has with the Hong Kong-based publication.

U.S., Mexico not ready to invite Canada back to NAFTA talks: Negotiators from the U.S. and Mexico are entering their fourth week of resumed NAFTA talks as they push to wrap up the remaining bilateral issues.

But while Mexican Economy Secretary Ildefonso Guajardo has repeatedly said their teams are "making a lot of advancements," the progress hasn't been far enough along to invite Canada's team back to the negotiating table. Canada's date to return to the talks "will depend on the speed in which in the next few days or weeks we finish the U.S.-Mexico elements," Guajardo said Friday.

This strategy to hold off on bringing in Canada could backfire, a source close to the talks told Pro's Sabrina Rodriguez. Without Canada's team in Washington, the window is closing for NAFTA negotiators to deliver a deal in less than three weeks — the target date that Mexican and U.S. officials have set.

























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