Beef Buzz News
China Phase One Trade Deal a Success for U.S. Beef
Wed, 01 Jun 2022 09:30:43 CDT
In 2020, the United States and China reached a phase one trade deal agreement which ended years of dispute and allowed the U.S. to begin exporting beef to China. Senior Farm and Ranch Broadcaster, Ron Hays, features comments from Terry Branstad, Former United States Ambassador to China during the Trump presidency. During the spring conference of the Meat Export Federation in San Antonio, Texas, Branstad talks about what it took to secure the trade deal and how it has positively impacted the U.S. Beef Industry.
Listen to Terry Branstad Talk China Phase One Trade Deal
"The beef situation- when I got there, we had gone 14 years and we had not been able to sell any beef into China because of a Canadian mad cow," Branstad said. "To me, this was unbelievable, but eventually we were able to get them to agree to accept beef, and the phase one trade agreement has made a real difference."
During Trump"s presidency, Trump and his administration demanded the Chinese play fair with the U.S., resulting in the phase one trade deal.
"The Trump administration came in and said, 'we want fairness and reciprocity, and we are going to treat you the way you are treating us, and we are going to put tariffs on you as you have on us," and that did get their attention, and eventually we got to the trade agreement," Branstad said.
Agriculture has been the biggest beneficiary of the trade agreement, Bradshaw said, but energy, financial services and more have also benefitted.
"I think one of the most significant accomplishments of my time in China was when we finally got a trade agreement for the first time that provided more fairness and reciprocity and is especially important to America, which is a major food-producing country," Branstad said.
Branstad complemented the Chinese people for their work ethic, commitment to education, and being family oriented. Most importantly, he added, they love the quality and safety of American food.
"The bottom line is, China has purchased a record amount of beef, pork, corn and soybeans," Branstad said. "And that"s really important, and we have seen that and the impact that it has had."
Click the LISTEN BAR below to hear more from Ron Hays and Terry Branstad on the pathway to the billion-dollar market of U.S. Beef in China.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today"s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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