China Phase ‘Two’: What We Know Right Now

By John Newton

Trade policy decisions made by the administration will impact farmers and ranchers in the countryside. This Market Intel is part of a series exploring agricultural trade, including the potential impacts of trade policy changes.

China Phase Two

After months of negotiations with the Chinese, President Trump has announced a Deal on Economic and Trade Relations with China which includes:

• Agreements on the flow of the precursors used to make fentanyl;
• The eliminations of China’s current and proposed export controls on rare earth elements and other critical minerals;
• The end of retaliation against U.S. semiconductor manufacturers and other major U.S. companies;
• Commitments to purchase U.S. soybeans beginning in November and December of 2025; and
• The reduction of Chinese tariffs on a variety of U.S. agricultural products including chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products.