November 23, 2017

Ag Secretary Perdue Talks Trade at NAFB Convention in Kansas City – Trump Returns from Asian Trip

President Donald Trump is headed for home following an extensive 12 day tour of Asia that he said had been “tremendously” successful.

Speaking to reporters aboard Air Force One, Trump hinted at a “major statement” on trade and his trip later this week.

Last week, JD.com, the second largest online retailer in China, struck a $200 million deal to import beef from Montana ranchers over the next three years.

The deal was closed on the day President Trump visited Beijing.

The U.S. used to be China’s largest beef supplier prior to the BSE incident back in 2003.

A lot has changed since then, and Agriculture Secretary Sonny Perdue told farm broadcasters in Kansas City at the National Association of Farm Broadcasting convention last week that E-commerce and changing consumer tastes in China could represent the next big horizon in beef export sales.

Sonny on China Beef

Speaking of trade, Perdue said that he was working with Trump administration officials and Congress on a plan to protect farmers and ranchers from the potential market effects of the U.S. withdrawing from NAFTA.

Sonny on NAFTA

The fifth round of talks on “NAFTA 2.0” is set to start later this week in Mexico City.