The new U.S.-Japan trade agreement will deliver a tariff reduction and higher safeguard levels for U.S. orange shipments, and that should translate to a moderate increase in U.S. orange exports to Japan in 2020.
Calling the phase one trade agreement with China an “encouraging step,” Western Growers' Tom Nassif issued a statement that encouraged the Trump administration to quickly finalize and implement the deal.
The U.S. and China have reached a "phase one" trade deal that takes additional escalation of tariffs by both countries off the table but is lacking specifics on when existing tariffs U.S. fresh produce will be removed.
ANAHEIM, Calif. - The “new normal” in the global trade of fruits and vegetables is uncertainty, but trade experts said traders can still find opportunities by mapping supply chain risks and exploring new markets.
Buoying stock prices and industry hopes on Oct. 11, China and the U.S. have agreed to what President Trump called a “very substantial phase-one deal” to take heat out of the trade war that began last year.