1、 https:/crsreports.congress.gov Updated February 7, 2020U.S.-China Phase I Deal: AgricultureOn January 15, 2020, President Trump signed a “Phase I” executive agreement (that does not require congressional approval) with the Chinese government on trade and investment issues, including agriculture. Th
2、is marks at least the temporary resolution of a dispute that began when the United States imposed tariffs on a wide range of Chinese exports in 2018, and China retaliated with tariffs on almost all U.S. agricultural products and certain other goods. Under the agreement, China will not repeal any tar
3、iffs. It is possible that China will grant tariff exclusions for various agricultural products, lowering their prices to domestic buyers in order to reach a target level of U.S. imports. The agreement is expected to improve market access for U.S. agricultural products. The value of U.S. agricultural
4、 exports to China was far lower in 2018 and 2019 than in 2017 due to the retaliatory tariffs imposed by China (see CRS Report R45903, Retaliatory Tariffs and U.S. Agriculture). Key provisions of the agreement are discussed below. Trade Commitments China agreed to import $32 billion worth of addition
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