As negotiation teams make their way to Beijing on Monday, the nation is waiting for a hint that this historic trade war could end soon. Sen. Chuck Grassley (R-IA) says if enforcement agreements are nailed down this week, there could be a trade agreement by the end of April.
“We’ve made a lot of progress on structural reform, like not having companies in the United States have to give technical assistance to the Chinese,” he told AgriTalk host Chip Flory adding that negotiations have also included putting controls on currency manipulations and the Chinese committing to buying more U.S. agriculture products.
“They’re committed to buying more American products and including more soybeans and they bought more corn than they’ve bought in the last five years, it was announced last week,” he said. “So all those things are good.”
Enforcement is the one snag in deal completion, according to Grassley.
“We made a deal with the Chinese in 2011. They didn't live up to their agreement, so enforcement is very important,” he said. “So our people are leaving for Beijing right now to get enforcement agreements. If they get enforcement agreements nailed down, will have an agreement by the end of April.”
Despite all the other progress, he said without enforcement you “got nothing anyway.”