Secretary Perdue’s Perspective On China Trade Talks

February 1, 2019 01:02 PM
 
 

This week Chinese officials are in Washington, D.C. to negotiate trade. As part of those talks Agriculture Secretary Sonny Perdue was in the oval office on Thursday with President Trump and Chinese officials including Chinese-Vice Premier Liu He. According to Perdue, both sides are clear on what the other wants but coming to agreement and putting proper enforcement mechanisms in place will be the challenge.

“We were in the Oval Office yesterday afternoon with the Vice Premier of China Mr. He and his team and it all went very well,” Perdue told AgDay host Clinton Griffiths in an exclusive interview on Friday. “The President was read a letter from President Xi that was very gracious and Mr. He had some very kind comments. I think there's a very serious desire on both sides to reach a comprehensive trade deal and I know the President expressed that. Obviously, we have a lot of work to do.”

China has involved itself in international intellectual property transfer, forced transfer and sometimes theft, according to Perdue. He said structural reforms are necessary in this area.

“I'm hoping that China will recognize that to be part of the international trading family they’ve got to play by the rules,” he said. “If that's the case, I think we're willing and able. We've had a team in China earlier this year with Under Secretary McKinney and our trade folks there along with the U.S. trade Ambassador Lighthizer, and things are going well. They know what we want, and we know what they want. It's a matter of the willingness to comply with that, as well as enforcement mechanisms. It’s easier to say something on paper, but not live up to it, and we've got to make sure that there are significant and adequate enforcement mechanisms over intellectual property transfers.”

As for the rumored five million metric tons of soybeans to purchased daily by China, Perdue said he has no idea how that “got out.”

“I was there listening first-person and Vice Premier said we're willing and we wanted to disclose today that we're willing to buy five million more metric tons today, not a day,” he explained. “I mean, that would run us out pretty quickly, if it was five million metric tons a day.”

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Comments

 
Spell Check

PJ Jahn
Ptown, IL
2/4/2019 11:56 AM
 

  ck, have you been talking with Rod Serling? As it appears you are in the "Twilight Zone"? You can't be serious, China will never put their imported food source in one big basket again. No way, not their food!

 
 
ck
bad axe, MI
2/4/2019 06:23 AM
 

  Like I said in the past this goes to show China wants all of our extra agricultural commodities . Sonny can spin all he wants but China wants everything we have extra. The only thing that concerns me is the USDA and the trump administration going to regulate the amount in daily commodity sales to China in this trade agreement to have, lets call it price controls, so rural America doesn't overheat asset values again like did in the ethanol run 10 years ago. China has been quite up front that it would buy a trillion dollars worth of our ag commodities to settle this, that's over 18 years of the value of our total corn crop. If the US can get this 1 trillion dollar deal hammered out and the USDA lets the free market dictate daily sales, commodities short term , will go nuts.

 
 
John
Sioux City, IA
2/4/2019 09:26 AM
 

  CK I hope you are correct, but it's not what China wants or needs but what the U.S. wants from China. 1 trillion dollar pledge is spread over 6 years and includes not only Ag products, but energies, and everything else we annually sell China. China believes they are are right & justified when stealing our IP. This is the sticking point, not Ag. I for one am not holding my breath that either side get what it wants and I won't be surprised if we are still discussing this around Christmas.

 
 

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