China gets to two-thirds of ‘phase one’ for 2021, the target rises to $43.5 billion (Agriculture.com)

Agriculture.com reported that China failed to meet its “phase one” target for imports of U.S. food, agriculture, and seafood products despite a surge in purchases that began late last summer. For 2021, the target rises to $43.5 billion. The “phase one” agreement, signed a year ago, de-escalated the Sino-U.S. trade war. However, tariffs remain in place in both nations, and there have been no negotiations to resolve U.S. complaints of predatory trade practices by China. Senior research fellow Joseph Glauber said U.S. food and ag exports to China will probably increase this year. “If you get up to the high 20s [of billions of dollars], that would be a good year.”