Both China and Mexico Signal Willingness to Negotiate With U.S.
Beijing released on Sunday a government policy paper on trade issues, accusing Washington of scuttling the negotiations, which broke down in all but name in May.
The document said the Trump administration’s “America First” program and use of tariffs are harming the global economy and that China wouldn’t shy away from a trade war if need be. But throughout the document and at a briefing, the government suggested a willingness to return to negotiations.
Vice Commerce Secretary Wang Shouwen said in Beijing on Sunday.“We’re willing to adopt a cooperative approach to find a solution.”
Mexico, meanwhile, rushed a delegation to the U.S. to discuss immigration issues, following the Trump administration’s threat last week to impose tariffs on all Mexican goods entering the U.S.
What It Means For The US Farmer: At FBN we believe that tariffs have the ability to negatively impact the U.S. farmer. We believe that the USDA’s reported weekly export sales numbers for corn and soybeans along with basis levels are proof of what trade wars can do to the farmer. We think that China’s willingness to re-engage the U.S. can be positive for the U.S. farmer. Mexico has not responded with a list of counter tariffs on U.S. goods we believe that row crops represent a vulnerable target.
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