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AG INDUSTRY LEADERS GATHERING AT WHITE HOUSE FOR CHINA, U.S. TRADE AGREEMENT
Agri-Pulse reports:

There's still a lot of uncertainty about what exactly will be in the "phase one" trade deal with China, but representatives from key farm groups are expecting to be at the White House Wednesday for the signing ceremony.

Scott VanderWal, vice president of the American Farm Bureau Federation; Charley Mathews, chairman of the USA Rice Federation; Doug Goyings, chairman of the U.S. Wheat Associates and others representing America's farmers and ranchers have been invited, Agri-Pulse has learned.

Two of the biggest questions about the deal remain which ag commodities China will agree to buy more of, and to what extent will China lower its existing tariffs on U.S. products.

White House trade adviser Peter Navarro, who spoke to NPR on Monday, remains insistent the U.S. will keep tariffs on $250 billion worth of Chinese goods as negotiating leverage in "phase two."

Keep in mind: The Trump administration announced Monday that it no longer officially considers China guilty of manipulating its currency, and that's primarily due to the deal being signed Wednesday.

"In this agreement, China has made enforceable commitments to refrain from competitive devaluation and not target its exchange rate for competitive purposes," says a new Treasury Department report.


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