Vilsack: U.S. holding China accountable for trade shortfall
Posted on Jan 27, 2022 at 0:00 AM
U.S. Secretary of Agriculture Tom Vilsack said during remarks at the American Farm Bureau Federation Convention on Jan. 10 that the Biden Administration would continue working to push China to live up to its purchase commitments under the Phase One Trade Agreement.
Vilsack said he wants to build trust with U.S. farmers with regard to trade.
“I think it starts with China, and we all know and appreciate the fact that we have a Phase One trade agreement with China," Vilsack said. "During that period of time, we saw sales to China increase over what they were during the trade war. But here's the deal with our Chinese friends, they're about $16 billion light over what they committed to purchase.”
Vilsack said United States Trade Representative Katherine Tai continues to communicate to her Chinese counterparts the importance of living up to the agreement and making up that $16 billion deficit.
Beyond meeting purchase requirements under the Phase One Agreement, Vilsack noted that China continues to impose barriers to trade that it agreed to remove, hurdles like sanitary and phytosanitary standards, tariffs and other tactics.