What’s the Import Performance of American Dairy Products under the Sino-US Phase One Trade Agreement?
Jul 28, 2020
The import volume of US dairy products increased compared with the same period last year, but it is still far from expectation.
Escalating tensions between China and US brought into question the fate of the phase one trade deal and hence affected the future dairy trade.
After China-US trade war lasting for nearly two years, on Jan. 15, 2020, China's Vice Premier Minister Liu He signed the phase one trade agreement with U.S. President Trump. It mentions that China will increase the import of American products valued at 200 billion US dollars based on the level in 2017, including agricultural products worth 32 billion US dollars. Additionally, American dairy products exported to China are subject to easier market access and more efficient registration approval (please click here for the detailed).
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