China has offered the U.S. some “very attractive numbers” for purchases of farm goods as part of “dynamic” trade talks, but there are still concerns over areas such as biotechnology, according to U.S. Agriculture Secretary Sonny Perdue.
While parts of the agriculture deal are done, the US….is concerned about setting up a framework that would allow agriculture biotech innovations to flow into China in the future without being curbed by non-tariff barriers, he said.
“China has laid on the table some very attractive numbers regarding ag purchases, but there again, we are still in the negotiation phase, and I don’t want to raise expectations if we are not able to come to an agreement,” Perdue said….“We are still concerned over some biotech issues.”
China has already been back in the market for U.S. soybeans in recent months….But American farmers are hoping for bigger buying after last season’s bumper harvest has sat piled up in bags and silos after the trade war sapped demand…..The soybean tariffs underscored that the U.S. has become overly dependent on China, Perdue said.
Read full, original article: U.S. Trade Talks With China Are Very ‘Dynamic,’ Perdue Says