Phenomenal – Secretary Wilbur Ross Outlines U.S./China Trade Agreement and 100-Day-Waypoint Progress…

On the heels of the historic meeting between China’s President Xi Jinping and U.S. President Trump in Mar-a-lago, Secretary Ross announced a jaw-dropping schedule for bilateral trade negotiations between the U.S. and China.

Part of that rapid schedule included a plan for a 100-day waypoint outline toward the larger trade issues surrounding the United States and China. Against the pace of historic trade agreements the 100-day schedule was almost unfathomable; yet today Secretary Ross announces the initial waypoints have been successful.

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The Department of Commerce provides the outline of the first-stage, the initial agreement, which includes China opening their market up to U.S. agricultural products including U.S. beef export as well as liquid natural gas, and further agreements on financial services. These are multi-billion market deals.

Here’s the Commerce Dept press release. I’ll try to break it down into understandable lingo at the bottom using the included reference points from the press release:

[Dept of Commerce] President of the United States Donald Trump and President of the People’s Republic of China Xi Jinping agreed at their Mar-a-Lago meeting to advance U.S. – China economic cooperation with a 100-day action plan under the framework of the U.S. – China Comprehensive Economic Dialogue.

Under the leadership of the co-chairs, Secretary of the Treasury Steven T. Mnuchin, Secretary of Commerce Wilbur Ross of the United States and Vice Premier Wang Yang of China, both nations have negotiated intensively to make progress on key issues. The three co-chairs reached consensus on initial commitments under the 100-day plan and objectives for next steps.

In approximately one month following the Presidential Summit, the two sides reached consensus on addressing issues in areas including agricultural trade, financial services, investment, and energy. For details, see the U.S.-China joint fact sheet below.

Both sides also identified other issues that will require significant effort to resolve and achieve progress on within the 100-day period. Both sides further committed to strengthen communication and coordination to jointly advance those issues and achieve resolution as soon as possible.

Further, as concrete progress is made in implementing the actions under the 100-day plan, the two sides will begin discussing a one-year plan to further solidify actions in promoting U.S. – China economic engagement and cooperation. Following implementation of the 100-day plan, the United States and China look forward to deepening engagement on these and other issues at the first meeting of the Comprehensive Economic Dialogue, to be held in the United States in the summer of 2017.

Initial Actions of the U.S.-China Economic Cooperation 100-Day Plan

1. Following one more round of technical consultations between the United States and China, China is to allow imports of U.S. beef on conditions consistent with international food safety and animal health standards and consistent with the 1999 Agricultural Cooperation Agreement, beginning as soon as possible but no later than July 16, 2017.

2. The United States and China are to resolve outstanding issues for the import of China origin cooked poultry to the United States as soon as possible, and after reaching consensus, the United States is to publish a proposed rule by July 16, 2017, at the latest, with the United States realizing China poultry exports as soon as possible.

3. China’s National Biosafety Committee (NBC) is to hold a meeting by the end of May 2017, to conduct science-based evaluations of all eight pending U.S. biotechnology product applications to assess the safety of the products for their intended use. No additional information unrelated to safety assessment for intended use is to be requested of the applicants.

For any product that does not pass the safety evaluation at the NBC meeting held in May 2017, the NBC is to operate with transparency by providing in writing to the applicants a complete list of requested‎ information necessary to finalize the safety assessment for the products’ intended use, along with an explanation of how the requested information would be relevant to the safety of the products’ intended use.

The NBC is to hold meetings as frequently and as soon as possible after an application is resubmitted in order to finalize reviews of remaining applications without undue delay. For the products that pass the safety evaluations of the NBC, China is to grant certificates within 20 working days in accordance with Administrative License Law of the People’s Republic of China.

4. The United States welcomes China, as well as any of our trading partners, to receive imports of LNG [Liquified Natural Gas] from the United States. The United States treats China no less favorably than other non-FTA trade partners with regard to LNG export authorizations. Companies from China may proceed at any time to negotiate all types of contractual arrangement with U.S. LNG exporters, including long-term contracts, subject to the commercial considerations of the parties. As of April 25, 2017, the U.S. Department of Energy had authorized 19.2 billion cubic feet per day of natural gas exports to non-FTA countries.

5. By July 16, 2017, China is to allow wholly foreign-owned financial services firms in China to provide credit rating services, and to begin the licensing process for credit investigation.

6. The U.S. Commodity Futures Trading Commission (CFTC) intends to extend by July 16, 2017 the current no-action relief to Shanghai Clearing House for six months, with further extensions amounting to up to three years, if appropriate and consistent with the conditions set forth in the no-action relief. The People’s Bank of China and the CFTC are to work towards a Memorandum of Understanding (MOU) concerning the cooperation and the exchange of information related to the oversight of cross-border clearing organizations.

7. By July 16, 2017, China is to issue any further necessary guidelines and allow wholly U.S.-owned suppliers of electronic payment services (EPS) to begin the licensing process. This should lead to full and prompt market access. China is to continue to allow Chinese banks to issue dual brand-dual currency bankcards that allow U.S. EPS suppliers to process foreign currency payment card transactions.

8. The applicable U.S. federal regulatory authorities remain committed to apply in the United States the same bank prudential supervisory and regulatory standards to Chinese banking institutions as to other foreign banking institutions, in like circumstances and in accordance with U.S. law.

9. China is to issue both bond underwriting and settlement licenses to two qualified U.S. financial institutions by July 16, 2017.

10. The United States recognizes the importance of China’s One Belt and One Road initiative and is to send delegates to attend the Belt and Road Forum in Beijing May 14-15.

The United States welcomes direct investment by Chinese entrepreneurs as it does by entrepreneurs from other countries. The United States welcomes Chinese participation in the SelectUSA Investment Summit that will be held June 18-20 in Washington D.C. (end release)

In the most substantive of terms the bigger aspect to remember is how much more leverage there is in bilateral trade negotiations than multilateral agreements.

The Trans-Pacific-Partnership (TPP) would have held the U.S. hostage to agreements that in many cases were against our interests and to the benefit of the larger group of TPP nations.  As former Secretary of State John Kerry stated openly: while China was not part of the original TPP framework, the participating nations held open a back door for China to enjoin.

Because President Trump pulled away from TPP, the U.S. is able to negotiate terms for trade with our market that may have specific and purposeful benefit exclusive to the United States.  This is critical to remember as you review this current negotiated bilateral deal with China.

Here’s what it means to you.

On #1 – In two short months the Chinese market will be open to import from the U.S. beef industry.  Previously, against the backdrop of BSE (bovine spongyform encephalopathy), ie. mad cow disease, China banned U.S. beef.  That ban is now lifted.

#2 and #3 are connected. The U.S. will allow processed (cooked) Chinese chicken products to be imported to the U.S; However –important note– (#3) the U.S. politely forces China to adopt U.S. FDA type regulations, specifically HACCP (Hazard Assessment Critical Control Plans) in their manufacturing and processing of that product.  China agrees.

This is important because under TPP there would have been a watering down of overall food-safety regulation due to the inability of TPP nations to be compliant with the stringent expectations exclusive to the U.S.  However, because this deal is bilateral China is agreeing to a much more stringent set of food safety standards.   Additionally, current U.S. “C.O.O.L (country of origin labeling) laws” will ensure that all China processed poultry will be readily identifiable.  {remember, this is not raw product – it is processed}

#4 – Almost immediately the U.S. will be positioned to export Liquified Natural Gas to China.  China is authorized to negotiate immediate import purchases of LNG from any U.S. energy company involved in the production and sale.  Big boon for energy sector.

#5 – China begins a credit rating system for their citizens.  This allows U.S. lenders to be able to evaluate the worthiness of loans to Chinese nationals, and also more stunningly removes the control authority from the Chinese government.  This will expand freedom and democracy in China because the Chinese government will not as easily be able to control upward economic mobility based on patriarchy or oligarchy.

#6 – China agrees to a financial clearing house which guarantees payments to U.S. sellers who engage in trade with Chinese companies.  Chinese manufacturers will not be allowed to default on their debts to U.S. exporters.  In furtherance of this agreement #7 sets up the basis for electronic funds, bankcards and credit cards, which can be used in financial transactions between the U.S. and China.  #8 retains the understanding that applicable U.S. law on these transactions applies to both nations.  China/U.S. Buyers and Sellers are protected by the financial transactions as outlined in U.S. law.

 

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207 Responses to Phenomenal – Secretary Wilbur Ross Outlines U.S./China Trade Agreement and 100-Day-Waypoint Progress…

  1. Kelly says:

    Wolverine!

    Liked by 25 people

  2. M33 says:

    And the winning continues!!!

    Liked by 25 people

    • Weeper says:

      Dances with Wolves!!! And Pandas 🐼

      Winning Bigly!!!

      Thank you Sundance…..especially for the “explainers” @ the bottom, for those, like myself, that are not versed in Trade Policy!!!

      MAGA!!!! 🦁🐼🐺🚂📢🌳

      Liked by 13 people

      • Dances with Wolves!!! And Pandas 🐼

        … NOT Bears…

        Tweet to Russia:
        Enjoying the view from the sidelines, Vlad?

        Every day they play “buzz America with bombers” they lose $1 Billion in Energy Income, as America opens its massive Oil and Gas production spigot.

        Liked by 10 people

        • A2 says:

          And the Balkan states have just unhooked from Vlad’s hot gas tired of playing Russian roulette with their energy supplies.
          #winning

          Like

    • Phil aka Felipe says:

      GET THIS PARTY STARTED!

      Liked by 2 people

    • LOL! I love that video. But the best thing about it is that it’s EASY to send to libtard slodey-head family members who trigger instantly 🙂

      Liked by 2 people

    • shallbe4 says:

      I was born in the stockyards area off Chicago. We always knew which way the wind was blowing by the smell. However we never minded that smell because it meant we had the best meat in the country. It shocks me that for so long we have not had this fine American beef. Trump working with China has enabled this to happen.. Does Trump or his terrific cabinet get credit for this? Of Course not. But the American people who love this delicious beef will remember who along with the Chinese leader brought it back for them.

      Liked by 2 people

  3. mikebrezzze says:

    I love it when a plan comes together, get ready, this economy is about to go ballistic!

    Liked by 15 people

    • Sayit2016 says:

      China spends BILLIONS on beef…..the ban on US meat has really hurt the cattle growers..Beef prices in the US have skyrocketed, hopefully this will bring the price down. Used to be able to get a NY steak for about 4-5 bucks now it is 12.00 !

      Liked by 8 people

      • mikebrezzze says:

        But you couldn’t hold a pistol to my head and get me to eat some canned Chinese chicken, I’ll take my chances over ptomaine poisoning!

        Liked by 1 person

        • tsforex says:

          Send the stuff to Mooshele s house.. The ex fat last lady..Obunghole…

          Liked by 1 person

        • Kaco says:

          I try to avoid Chinese sourced food at all costs, too, including my dog’s food. All our chicken in our grocery is local anyway, hope it doesn’t change.

          Liked by 2 people

        • Sayit2016 says:

          I hear you…. I get fresh chicken right here in Ca ; )

          Liked by 1 person

        • A2 says:

          It’s all about the beef not the cooked chicken in the food category of this deal. China banned US beef because of an outbreak of mad cow disease back in 2003, and never lifted the ban, whilst other countries did after the beef was certified clean.

          Cooked chicken (not fresh re, bird flu) still has to go through US health standards before being sold in the US. Part of the deal is to help China raise its breeding and hygiene up to international standards, something they have found impossible to achieve even though they have laws on the books. The US will send experts to help them out and achieve compliance which is a significant and beneficial boon for their domestic consumers. Also, remember the US produces enough chickens for US needs and are very competitive. Chinese chicken will not show up in your food supply anytime soon, if ever.

          A note, the Chinese actually buy our chicken feet by the cargo load but that stopped after an outbreak of avian flu at a farm in the US, I believe sometime around 2013. So, the US will probably make more on the feet, then the Chinese will on approved processed chicken in the US.

          The Chinese love our chicken feet and meat for the same reasons that you are suspicious of Chinese meat, Hygiene and quality standards.

          Making dimsum great again. 😀

          Liked by 4 people

      • shallbe4 says:

        God bless our President. He cuts the best deals which are good for all involved. The previous president could not or would not do this because he felt if jobs were gone they could not be brought back.

        Liked by 1 person

        • mikeyboo says:

          Obama wanted to RAISE unemployment. We know this from his policies and trade agreements that caused jobs to leave the US.. As more people are unemployed they depend more on government. The more they depend on government the more they are slaves to government. Only the oligarchs prosper.

          Like

        • Orygun says:

          Our last Presidents only skill set was community organizing to put it nicely. Not a very useful skill at any time.

          Like

        • Sayit2016 says:

          Obama had no sense of business, no experience and no drive– a lazy SOB….

          Like

      • Paul Killinger says:

        I’m a bit confused… Exactly how will our exporting MORE beef to China bring the price down HERE?

        Like

        • Paul Killinger says:

          And the reason US beef used to taste so great was it was corn (not grass) fed.

          Now we burn the damn corn in our gas tanks (as ethanol) instead.

          This costs us BILLIONS in engine repairs annually, and we get lousy steaks to boot.

          Like

        • Sayit2016 says:

          Because beef providers lost revenue from the ban-which means they had to make it the loss somewhere and that was a direct cause of the increased prices. More product less cost. econ 101

          Like

  4. calbear84 says:

    First full day Trump has his cabinet! Hang on to your hats folks!

    Liked by 21 people

  5. oifoefvet1969 says:

    Incredible…the most terrible part of this is the media will ignore one of the most significantly beneficial items (to America writ large) in recent history. Im blown away by the implications/scale. This is huge!

    Liked by 17 people

    • Weeper says:

      Yes….YUGE!!! 😉

      Liked by 4 people

      • Tegan says:

        And it’s only the beginning! Yet the stupid MSM will ignore this (mainly because their tiny little brains can’t comprehend) and keep beating the Russian drum story created by Podesta and Mook.

        Liked by 2 people

        • piper567 says:

          its scandalous that our “free press” is willfully depriving the average American of news regarding what is happening in our Country.
          alternate network cannot get here fast enough.
          when Mr and Mrs American watch one night of real news, they will be amazed and astonished…as Zappa once said, Whooooo would imaaagine?

          Liked by 1 person

        • shallbe4 says:

          The big development for the media today is that Trump might have recording equipment in the Oval Office. Our guy is President of the United States and Leader of the Free World and the media treats him like the guy who cleans the toilets.

          Like

    • Wee2low says:

      I’m beginning to think the MSM ignoring these things is beneficial (and possibly facilitated by the POTUS’s messaging team). While the mouth breathers over at CNN are chasing the laser pointer of Russia, Comey and POTUS Tweets, Wilberine is ruling the big boys table. I suspect that President Trump is just fine with all eyes on him so deals like this can get done quickly and quietly. I think this is a key deal to get 3%+GDP which is a must for President Trumps agenda. The last thing he needs is the MSM to sour negotiations between the US and China. If I were to guess I think the plan is to get these trade deals solidified (China, NAFTA and possibly the UK) as quickly as possible and get the US economy spun up (which takes time). In 3 years time, when the economy is clipping off 3%+ growth, I think everyone will look around and go “this rules!”. Boom another term. Remember that most young people don’t even know what 3% growth looks like (GW- 2.1%, Obama 1.5%). For those of us who do everyone is happy during those times. Full wallets make reelections almost guaranteed.

      Liked by 7 people

      • Alison says:

        Great comment, Wee 😊

        Liked by 1 person

      • skifflegirl says:

        It’s depressing to me that my children don’t know what prosperity looks like. They’re young and this is all they’ve ever known. I was in my twenties in the 1980’s and lived the Reagan years. Everybody had a job if they wanted one, we got raises, you could go on vacations and food was cheap. The Trump years are going to dwarf the eighties. #MAGA

        Liked by 2 people

        • redtreesquirrel says:

          I was in my 20’s during the 80’s too, skifflegirl. You’re absolutely right. I moved from one job to the next, working my way up. It was easy to find work. Nothing like today. I can’t wait for it to return.

          Like

          • skifflegirl says:

            That’s exactly right. That is the normal order of things and the way we came up in our careers. I can’t wait for my boys to experience success. It’s all going to happen for them, too.

            Like

        • shallbe4 says:

          Skiffle let us not forget that the interest rates were so high on the CDs in the Reagan Years that you could live on that interest. Now if your lucky you can buy a Hershey Bar. Gee I love winning.

          Liked by 1 person

      • piper567 says:

        appreciated perspective Wee. Thanks.

        Like

    • Paul Killinger says:

      Don’t worry. If our trade imbalance (minus $500 billion a year) with China improves, the numbers will speak for themselves.

      The key will be if the Chinese try to double cross Mr Trump by devaluing their currency again.

      Like

  6. Bert says:

    Staggering achievement in such a short time.
    An advantage of having competent folks with real world experience involved.
    I was taught that good negotiators will
    come to agreements quickly and this seems to be playing out.
    Bilateral agreements are so much quicker and more robust than multilateral.
    After all, 2 people skipping along together will move quicker than 15 people shackled together.

    Liked by 28 people

    • Bert’s Brilliance:
      “2 people skipping along together will move quicker than 15 people shackled together.”

      Liked by 15 people

    • Alison says:

      And they can more readily adjust what isn’t working. Hard to believe trade agreements haven’t had sunset clauses or automatice re-negotiation triggers.

      Imagine being in Commerce or Treasury Dept now to apprentuce under Ross & Mnuchin!

      Liked by 18 people

      • Alison says:

        Apprentuce, ugh spelling!

        Liked by 4 people

      • When you’re rolling at Trump Speed, who has time for spell checks!

        [Ask Sean Spicer]

        Liked by 4 people

      • skifflegirl says:

        I have thought a lot about all the young people working in government and how they are experiencing the galactic changes in mode of operation. If they are smart or have any common sense, they are realizing how incredibly lucky they are to be part of the American renaissance. It will be the most historic administration in many generations.

        Like

        • shallbe4 says:

          Its going to take a little while for the young people to catch up. Right now may of them are screaming with fear when they see Trump signs. What should excite younger people is the education changes. More people will be trained to earn a middle class salary and they won’t have to attend college. While those who do attend college will be able to study subjects which will enable them to leave college with occupations they can have for a lifetime. I know this can happen — I saw it happen before in this amazing nation.

          Liked by 1 person

          • skifflegirl says:

            Yes, it will take today’s youth a while to realize what great fortune they have been given. But it worked on me, I was a Liberal until I experienced the reality of President Reagan’s policies. Over the course of his first term, I saw that the hysteria of the Left’s dire predictions were bunk and I enjoyed an unprecedented period of prosperity. It’ll happen again, only this time it will be even better.

            Liked by 1 person

          • mikeyboo says:

            First there will have to be a way to drain the education system swamp.

            Like

  7. FLEEVY says:

    Beef exports confirmed. A stunning win for America

    Liked by 15 people

  8. Great synopsis. Thanks!

    Liked by 5 people

  9. Alison says:

    Outstanding!!!

    I’d buy Wilburine a steak with ketchup except Obammy said no /s

    Liked by 9 people

  10. farmhand1639 says:

    Wow, that’s huge! And a welcome read. As I head out back to check our new beef calves…

    Liked by 14 people

  11. calbear84 says:

    Trump is dragging China into the First World.
    http://www.heritage.org/index/country/china

    Liked by 13 people

    • Tegan says:

      Having travel throughout China in the past year, believe me their architecture, high speed trains and many other things are far superior to anything in the US. Personal freedoms…not so much,but they are dealing with a monster population and limited natural resources.

      Liked by 3 people

      • calbear84 says:

        Thank you. Of course, that’s exactly what Trump said all through his campaign about other nation’s infrastructures being superior to ours. I’m hoping that China will move toward more financial freedom for her people as they get on board the Trump Train!

        Like

    • shallbe4 says:

      I hope the Chinese Banks pay more interest than the ,08 were are getting now.

      Liked by 1 person

  12. dobbsfan says:

    I work at a Steel and Wire Mill.

    In my staff meeting this early afternoon, our Rod Sales Manager was singing the praises of President Trump and this trade agreement. Among many things affected by this agreement, imported Steel/Rod will lessen (less China dumping) and our company is now expecting HUGE increases in domestic demand for our American Made steel, rods & billets.

    I absolutely LOVE our President and the Wilburine who stands with him.

    MAGA

    Liked by 36 people

  13. Luis Orozco says:

    Funny what happens when you get rid of the Jack Ass and the Fat Elephant and bring in a LION to run this country !!

    Liked by 14 people

  14. SoCal Patriot says:

    As someone who does a lot of business in China, this deal is incredible…for both sides. i am overjoyed with what the Administration is accomplishing in a short amount of time. it really is incredible.

    Liked by 19 people

    • 6x47 says:

      Trump is doing something that previous administrations wouldn’t do: He’s TRYING. He’s ASKING. He’s DEMANDING.

      Amazing what can be accomplished with just a little effort.

      Liked by 16 people

    • Your point is excellent, stressing especially on the short amount of time it has taken Trump45. This would be awesome news after 2 ,3,4 years, but he has done it in a few short months!
      ….He did warn us we’d keep winning didnt he?😉😊

      Liked by 13 people

    • Sayit2016 says:

      Agreed— now let’s give it a little”Trump Time” then address the fact China owes the US over a Trillion dollars…..renegotiate the interest they charge us for the loans they extended and reduce the loan by the amount they owe us.

      Liked by 1 person

  15. 6x47 says:

    It’s as if our negotiators know what they’re doing! Amazing.

    Liked by 10 people

  16. Eileen says:

    One reason why Japan rejected U.S beef imports was due to GMO-grains used in the feedlots of the cows. There are only 12 countries that allow GMO foods, most of them in Europe and the North-South America. My hope with this deal is that it will lower the production costs for grass-fed cows, which will dramatically improve the health of beef eaters.

    Liked by 15 people

  17. EV22 says:

    I love Ross, but, I’m not crazy about this beef for cooked chicken deal. Notwithstanding the promise that the Chinese cooked chicken would be subject to “much more stringent set of food safety standards.” Who’s going to police that? The Chinese, eh? They can’t even get dog food right.

    Secondly, exports of our beef to China will probably put serious upward pressure on beef prices here at home which are incredibly high already. Not so long ago, it was normal to find “USDA Prime” beef at all the supermarkets in NYC where we shop. Today, Prime has entirely disappeared – it’s strictly “USDA Choice” and at ridiculous prices. Choice NY strip steaks are $14.99/lb and higher. That price used to get you Prime. Angus ground beef (again, Choice, not Prime) is $9.99/lb.

    We’ll see how this plays out, but I’m not holding my breath.

    Liked by 4 people

    • 6x47 says:

      Dr. Microeconomics tells us that higher prices for beef = producers make more = price comes down.

      Liked by 4 people

      • EV22 says:

        While that may be true for manufactured goods, food prices are much more subject to various uncontrollable exogenous factors (drought, etc.) that impact price. If Dr. Micro’s formulation was correct, how do you explain the fact that choice beef now costs the same or more at the supermarkets than prime did a few years ago?

        Liked by 2 people

        • Alison says:

          Sundance has written extensively about the transition from Wall Street to Main Street economy and the potentially rocky but necessary interim. Why food prices are high and durables are cheap, and how that will change.

          Sundance, perhaps time to feature your analysis again as Sec Ross advances our America First agenda.

          Liked by 2 people

          • EV22 says:

            I’ve lived the transition SD wrote about and am very happy he’s written so fluently about it.

            But I think I’ll just keep my wait and see attitude regarding Chinese cooked chicken product. 😉

            Like

        • Ev22: What I can share from a beef farmer, the federal government dictates Everything that beef farmer does, right down to the type and brand of feed he must feed his steers, length of time, etc., etc.
          It’s not the farmer, it’s the federal government and the middleman who is making the money.
          This deal will encourage the farmers to raise more and grow more.
          But these farmers are not allowed to sell anything to anyone in the community.
          When these beefers are ready for butchering (and the federal government also has those guidelines), they are taken down the road…farmer gets paid.
          It’s not a free market system; maybe the deal Pres. Trump has made will make it better for the farmers; we’ll see.
          I also contend that there is a high price tag on beef, lamb, veal, goat vs. chicken, pork and some fish, for a reason and it has nothing to do with the lack of farmers or the willingness of farmers raising beef.
          It’s all the federal government’s rules and regulations that price these farmers out of business and only the commercial farms can deal with those expenses.
          We’ve discussed this before on this site. Sundance has a great article on this issue from a few days ago.

          Liked by 6 people

    • mireilleg says:

      I won’t be eating any food produced or processed in China. Won’t feed it to my dog either. I prefer to eat meat less often and ensure it is top quality American.

      Liked by 3 people

    • It could move prices up in the short term. However, we will be able to produce more cattle to bring the price back down.

      Liked by 4 people

    • Tegan says:

      Nothing mentioned about this poultry being for human consumption…could be for cat/dog food. Do you buy seafood? Much of that is imported from overseas. Our primary grocery store, Publix, tells me all of their shrimp is from overseas. I agree about the price of beef, but I think a lot of it is because the “greenies” are trying hard to eliminate it here because of their agenda.

      Liked by 1 person

      • EV22 says:

        Hi Tegan,

        Yes, we buy a lot of seafood. I was very perplexed not to see the price of fresh salmon drop this year during their spring run. Do you know what that was about? Typically, you see fresh salmon steaks or filet here in NYC drop to $6.99/lb. during the spring. It’s been stubbornly at least $9.99/lb. all spring.

        Shrimp, well, the less said the better. Sadly, unless I can find some not from Asia, it’s been pretty much crossed off our shopping list due to really, really high cost.

        Like

        • Donna in Oregon says:

          I know in Oregon we have a problem with seals leaving saltwater and coming into the rivers (fresh water). Tons of them downstream from the Bonneville Hatchery -Oregon Fish and Wildlife on the Columbia River . Animal lovers don’t want them killed, and of course all other attempts to make them leave have failed.

          Also, the fish hatcheries are having problems as well. In California an estimated 200,000 to 300,000 fall-run Chinook salmon were killed yesterday morning at the Feather River Fish Hatchery – Thermalito Facility due to a pump failure from a faulty wire.

          Like

        • Skinner says:

          Salmon – from what I read the was a massive blight of some kind in the South American salmon farms. Absolutely decimated them. And, about the same time, another devastating event of some sort in the Scandinavian countries.

          Together both regions produce a large part of salmon sold in the US. Prices have skyrocketed.

          My family lives salmon and I’ve watched prices climb at Sam’s Club for over a year. Was $4.99 now $8.99 in central Ohio.

          I started researching the reason when the price didn’t readjust seasonally.

          Like

      • mireilleg says:

        You’re right it’s getting difficult to buy food. Seafood has become a major tasteless problem. Dog food and cat food from China is not safe for your pets.

        Like

    • Sylvia Avery says:

      The importing of chicken makes me nervous. At least supposedly it will be labeled Made in China so hopefully I can detect it and not buy it. I won’t feed my dog anything made in China, would would I buy it for myself?

      Like

      • Kaco says:

        I really don’t understand why the Chinese can’t raise their own beef for the most part. I can see beef slated for export driving our prices even higher here. We can raise our own chickens and they are cheap enough for us, why would we even need to import Chinese processed chicken, unless our U.S. companies like Tyson want to move their facilities to China.

        Liked by 1 person

      • mireilleg says:

        We will probably have to stick to organic to ensure US chicken. I don’t think they will be able to get the organic label.

        Liked by 2 people

    • shallbe4 says:

      Well if salaries go up we can afford higher priced beef.

      Like

    • filia.aurea says:

      I would revert to grass and nuts before eating Chinese anything.

      Like

  18. alliwantissometruth says:

    What is Trump doing, using all these business people with sharp minds who expect timely results?
    This is the American government for Gods sake

    Can’t President Trump find any community organizers to babble on endlessly about insignificant nonsense & get nowhere? Can’t he find some radical leftist lawyers to muck up the works with insane demands?

    The American people can’t handle actually working with people & getting things done

    Come on! We’re used to endless wars, constant talks that lead nowhere, arguing & bickering, extreme hatred & malice worldwide

    This is not fair. An American President isn’t supposed to be smart, or if he/she is, they’re supposed to sell out American interests for profit

    What is Congress & the Senate going to do if things improve diplomatically & economically? How will they continue their scams on we the people? And what about wars? If powerful countries start getting along, what will happen to the prospect of war hanging over our heads? John McCain will freak the f*** out!

    Oh boy, this doesn’t look good. Our country will go through massive corruption withdrawals. It’s entire system will shut down

    Man, nobody wins here except the American peopl……. hey wait a minute

    Liked by 12 people

  19. wolfmoon1776 says:

    My only concerns, which are purely theoretical at this point, have to do with China forcing us to pay homage to the “One Belt, One Road” thing:

    10. The United States recognizes the importance of China’s One Belt and One Road initiative and is to send delegates to attend the Belt and Road Forum in Beijing May 14-15.

    https://en.wikipedia.org/wiki/Belt_and_Road_Initiative

    My questions, for anybody who knows:

    What is China’s REAL purpose behind this initiative?

    What are the dangers?

    Is this another form of a Chinese “iceberg offering”, like their “minor face-saving demands on Taiwan”, where the danger is all below the waterline?

    Is this a way to sneak multi-lateral back into bilateral?

    Etc., etc.

    It’s not that I don’t trust China. It’s that I will NEVER, EVER trust China. 😉

    Bad cop. That’s me. 😎

    Liked by 4 people

    • mireilleg says:

      No, no no no, no you’re not a bad cop. That leaves me with a bad feeling too. I do not trust the Chinese either.

      Liked by 2 people

      • svenwg says:

        Never trust anything, verify everything and even when it all works as promised, trust not until passed guarantee and then only trust that whatever you received lived up to it’s promise.

        Liked by 1 person

    • WSB says:

      Same, they cheat and steel everything. Will take note of winning for these sectors, but they had better watch their shirts and wallets.

      Liked by 4 people

    • ScruffyLeon says:

      The Chinese One Belt – One Road will be the new Silk Road for trade and transportation in Europe and Asia. The US can come out very good on the construction side of this.

      Liked by 1 person

      • wolfmoon1776 says:

        If it’s good for civilization, I’m not opposed – if anything, I’m supportive. But I’m still suspicious that the Chinese are only showing half their bullet points on it. If that.

        Like

    • MIKE says:

      For sure, they will attempt to tweak the rules.
      We want you on that wall. We NEED you on that wall…

      Liked by 1 person

    • fleporeblog says:

      wolfmoon1776 I signed up for a newsletter months ago while at Time Square. Was shocked they were advertising crap about Soros, Barry and Ukraine. This was in the heart of Manhattan. These folks send me an article everyday and they swear by the One Belt One Road Initiative. They are celebrating this news as if they won the Super Bowl.

      https://larouchepac.com/

      From their latest article/clip:

      With a little over 24 hours until the opening of the Belt and Road Initiative forum in Beijing, the United States has officially announced that in fact a delegation will be attending, representing the US and the Trump Administration. Our webcast features numerous exciting and fast-moving developments as the world is transformed by this vision of win-win cooperation and peace through development which the British imperialists have tried so desperately to derail, including with the attempted political coup ongoing against the Trump Administration. Our webcast ends with a clip from an exclusive interview with Senator Richard Black, in which he discusses his courageous fight against the acting FBI Director Andrew McCabe’s attack against him as a leading opponent of Obama’s regime change policy. The full interview is available here.

      Liked by 2 people

    • alliwantissometruth says:

      wolf, it has nothing to do with trust. No one should trust anybody when it comes to world affairs

      Countries look out for their own, (except the USA before Trump) & that’s the way it should be. Smart leaders run their countries like a business, & by doing so, look out for their own interests

      The secret is to have smart leaders, business savvy leaders, who’ll watch out for their interests & not be taken to the cleaners

      When real leaders talk business, there’s a mutual respect. Sure, both will try to get more or try something underhanded, but these things work themselves out when smart people who watch over things don’t allow themselves to be taken

      It’s the art of politics, & if we don’t have leftist nitwits or corrupt RINO’s running things, we’re in the game too

      Liked by 1 person

      • filia.aurea says:

        Just saying, honorable men aren’t underhanded, but they’re usually smart enough to hire a team to protect their interests. I have been taught by and worked with several Chinese, their business dealings with foreigners require close monitoring.

        Like

        • alliwantissometruth says:

          I’ve worked with Chinese representatives within a business network, so I know what you speak of. But your premise begets my point

          Any two or more entities vying for preferred outcomes will work their interests & do what they can to produce favorable results, if they’re smart & savvy

          When I speak of underhandedness, it can be within the context of lowlife dealings, or poker face advantage. Whatever. The desire for an advantage is the same

          It’s to be expected. If anyone believes that true trust & fairness can exist when dealing with the politics of the worlds vast differences, they’re dreaming

          It’s all about outsmarting or leveling the playing field between “partners” There’s nothing wrong with trying to get an advantage, & the desire is a simple fact of life

          Sure, scumbags exist & lowlifes & their agenda’s will always be a part of the equation, but so what? That’s been true since the beginning of time

          We can’t look at world affairs within the same context as we do with domestic situations or family dynamics. It’s a completely different world we’re talking about

          Real life always takes a dominant position, & all we have to do is realize it & act accordingly

          Liked by 1 person

          • filia.aurea says:

            I totally agree. Working with Chinese ‘partners’ adds significant cultural challenges. Handshakes don’t work.

            Like

          • filia.aurea says:

            P.S. I am a firm believer in win-win partnerships. Getting “one-over” on a ‘partner’ is not a win.

            Like

  20. joninmd22 says:

    Mao is rolling over in his grave as communism dies a little more today.

    Ain’t it grand?

    Liked by 4 people

  21. mikebrezzze says:

    all of this winning must feel like a brain tumor to the Democratic Party!

    Liked by 5 people

  22. 6x47 says:

    I did my senior thesis in 1993 on the North American Free Trade Agreement. Without getting into the weeds of it, the basic assumption in NAFTA (and the other agreements entered into by the Globalists) is

    “The United States is the richest country in the world! An economic juggernaut that will surely crush and devour a its poor little trading partners! In order to MAKE IT FAIR for the “little guys” the United States will open its markets but allow the little guys to keep their barriers in some form to protect their fledgling industry from those rapacious American firms.”

    So for example Mexican trucks were allowed into the US, but US trucking companies weren’t allowed to compete in Mexico.

    Brilliant.

    Liked by 9 people

  23. I have an idea for WH Press Conferences:
    ▪Swampites ask stupid repetative questions
    ☆Sean/Sara respond with Trump45’s achievements… like the above, and every other blessed thing he’s done for our country

    Swampites are already crazy, lets just drive them round the bend and off the cliff to Crazytown!
    ♡ I dont see any problems, Press confs on the WH terms not theirs😎

    Liked by 5 people

  24. carterzest says:

    I like it all, with exception of the Chinese Processed Chicken products.

    Is it just me, or did anyone else channel the BareNakedLafies while reading that?

    Liked by 1 person

  25. missmarple2 says:

    I am interested in the part where Chinese Banks will be able to open branches here if they adhere to the same standards.

    Citibank isn’t probably going to like that (as me if I care).

    Liked by 2 people

  26. missmarple2 says:

    Regarding the cooked Chinese chicken imports, I believe that they agree to the same safety standards. It should be easy to monitor that both in China and at point of entry by testing.

    Liked by 4 people

    • mireilleg says:

      Won’t trust them for years to come. I’m old, by the time they can be trusted I’ll be gone.

      Liked by 3 people

    • EV22 says:

      USDA meat inspectors are already in short supply and, according to reports over the last number of years, undertrained. And now they’re supposed to add inspecting Chinese cooked chicken? Got it.

      Liked by 2 people

    • filia.aurea says:

      Nothing is easy to monitor in China. I wouldn’t feed that chicken to animals, let alone humans. Any country that adds formaldehyde to baby formula fed even to its own citizens is too much of a risk for me.

      Like

  27. ACCELERATING SPEED of the TRUMP TRAIN:
    World leaders’ mouths are agape.

    The cool part: No other country in the world has leaders that can come close to keeping up, much less competing with them. We have guys who know ALL the games, and have written the book at creating and applying leverage in dealmaking.

    • Every other country has tied itself down with national and multinational “rules” and “agreements” like Gulliver. They also have to play multi-level political games to agree on who gets what for each deal within their own countries, among EU countries and across Multilateral Agreement Groups. Then they’ve got to structure the kickbacks with individual companies and the win-lose arrangements with industry groups that politically fund the politicians and entertain the regulators.

    • In the last 30 days, Wilburine has conducted 40 Negotiating Sessions … with China alone.

    Competing countries couldn’t even coordinate and clear calendars for their first agenda-setting session in that timeframe.

    http://www.lngworldnews.com/u-s-and-china-to-expand-lng-trade/

    LNG Background: America’s first facility was finished in 2016.

    • “Proponents argue that natural gas exports can provide enhanced security to allies such as Japan; reduce European energy dependence on Russia, which has used gas exports as a political weapon; and address global climate change by replacing coal.”

    • The China market – with existing LNG-import facilities – is the PERFECT vehicle for IMMEDIATE SCALE-UP!

    http://www.lngworldnews.com/u-s-and-china-to-expand-lng-trade/

    The dire warnings from 12 months ago under Obama:

    • “50% of U.S. LNG export capacity could be shut-in over next 5 years: WoodMac”

    Wilburine just SOLVED THE PROBLEM.

    https://www.kallanishenergy.com/2016/05/18/50-u-s-lng-export-capacity-shut-next-5-years-woodmac/

    Liked by 8 people

    • MIKE says:

      This should even help increase commerce here in blue blue Md, where we have an LNG terminal in Cove Point, Md. that the liberals hate. Beautiful facility, underused.
      Ross is boss!

      Liked by 5 people

    • Remington..... says:

      I just hope congress accepts unfettered intent…
      I would hate to make them angry…..

      Or just send all the miserable SOB’s home

      Like

  28. b4im2old says:

    Bet Tyson’s, with all its (legal/illegal?) “immigrant” labor, head is exploding!!

    Liked by 3 people

  29. JFK gave America a fleeting glimpse of leadership for the COUNTRY when he vowed to “Put a Man on the Moon”.

    DJT is giving America a lesson in leadership for the WORLD as he MAKES AMERICA GREAT AGAIN, forcing other nations to CHASE US.

    TRUMP BONUS:
    The winners will race to partner with us.
    The losers will flounder and fail.

    Liked by 4 people

  30. Many of the GOP supporting States are the most significant in domestic Poultry production and were intensely harmed by Asian Catfish already. This part of the negotiation was a very bad move and will impact States that were likewise decimated by Canada’s dumping lumber on us. Beef is solid already and beef farmers made the most I’ve ever seen for the past several years, with domestic prices only normalizing and becoming affordable for working families again for about the last year. Very unimpressed with this so far.

    Like

    • TAS says:

      Most of the Poultry Processors around where I live are loaded from top to bottom with illegal aliens. Only harm will be to the Large Corporations for breaking laws from hiring the cheap labor illegals.

      Like

      • Kaco says:

        But enforcing our immigration laws will correct the employment of illegal aliens. I will not eat Chinese chicken or would want them to compete with domestic chicken.

        Like

    • Kaco says:

      I think beef is still kind of high priced. I always wait for sales but top sirloin is the only steak we can afford when I remember when ribeye was fairly inexpensive.

      Like

  31. jstanley01 says:

    As a sidebar, if you want to experience what China is like “on the ground,” I can’t reccomend the ADVChina YouTube channel too highly. It is produced by a British South African and an American from New York. Both have lived as expats in China for a number of years, and each married and has a child with a Chinese wife. They have also produced a motorcycle documentary, “Conquering Southern China,” and have a second in the works, “Conquering Northern China.”

    Here’s a recent episode, if you’ve got a quarter of an hour to spare, enjoy…

    Like

    • louche9 says:

      A Chinese youtuber that I follow did a video in which she put a camera on the front of her bike and rode around Bejing, showing viewers daily life there. It was interesting, but also (to me) very offputting. There seems to be no place where there aren’t people. I like crowds sometimes, but it would drive me mad to have so little privacy on a constant basis.

      Liked by 1 person

  32. Rivers says:

    Why in the hell would anyone want to eat “chicken “cooked” in China? I just got a hankerin’ for sewer grease chicken and cardboard pot stickers. Look for ground chuck to go over $6/lb in the US. Look for beef prices to go through the roof now, as if they’re not high enough as it is.

    Like

    • adoubledot says:

      And are we so short on chicken here that we can’t process it ourselves?

      Like

    • Donna in Oregon says:

      Chicken nuggets.

      Like

      • Kaco says:

        Sold in Walmart, no doubt.

        Like

        • shallbe4 says:

          Where else???

          Like

          • Kaco says:

            Fast food suppliers possibly. It would be nice to find out where the Chinese chicken is going when it happens.

            When the Chinese became a manufacturing giant fuel prices rose here as well because of their consumption and middle class growth I can’t see an upside to them taking our beef supply but we shall wait and see I suppose.

            I thought I had just read an article about some of our food costs being up because we export so much but I can’t see I bookmarked it.

            Like

  33. Swedishmeatball says:

    The Trump Administration have been officially in charge for 4 months. They have gotten so much done in such a short amount of time! With more things to be accomplished in the coming weeks/months! When I think back to prior administration’s, everything took months/years to get things done and they either settled on something less or failed. To me, it speaks volumes about the character of our current and past administration’s! We finally have someone since Reagan that actually loves America!!

    Liked by 2 people

  34. I.LOVE.this.man!!! Take the time to watch; our President never stops working, congratualting and loving on people. The Rocket named Trump!!! Litterally, so endearing!! MAGA ON Mr President!💕💖
    https://m.facebook.com/DonaldTrump/posts/10159125491735725

    Liked by 3 people

  35. Anybody noticing how President Trump (Wilburine) has deferred the “big” issues like Technology and Intellectual Property Protection until later?

    … Until Uniparty Donors drop out of the Chamber of Commerce and board the Trump Train.

    Liked by 1 person

    • [replacement post]
      UNNOTICED TECTONIC RUMBLINGS:

      President Trump (Wilburine) has deferred “big” issues like Intellectual Property Protection for High-Tech and Entertainment industries until later… leaving them hanging out to dry for now.

      Wilburine gave Chinese Banks – among the world’s largest – access on an equal footing to the American market… opening the door to no-shenanigans Banking competition for America’s Banking Cabal.

      POLITICAL WATCH:

      When will Uniparty Donors conclude they’re better-off dropping out of the Chamber of Commerce and boarding the Trump Train?

      Let’s see how the CoC Cabal does in cutting its OWN international deals for members.

      Liked by 2 people

  36. sundance, I’ve got an argument going on with a leftist who says this beef deal was already a thing with Obama. Then he sent me this link. https://www.usda.gov/media/press-releases/2016/09/22/china-moves-reopen-market-us-beef

    Was there something more that Trump added to this deal? Thanks.

    Like

  37. Educated Citizen says:

    Meanwhile CNN is worried about the number of scoops of ice cream served at the dinner table in the WH. #MAGA

    Liked by 2 people

  38. Owlen Rose says:

    Liked by 3 people

  39. NAFTA OUTLOOK:

    Companies are enviously watching the speed of gains their peers are reaping through lightning-fast Bilateral Deals the Trump Team cuts.

    • Those companies will RUN from the CoC Cabal that pays Congress to obstruct and delay.

    • Those companies will DEMAND that Congress cut the Trump Team loose to drop NAFTA and cut Bilateral Deals.

    • Those companies will FUND Primary Challengers to Congressional Leaders & Obstructionists.

    Liked by 2 people

  40. Duckman says:

    Picking jaw up from floor!

    Like

  41. fgmorley says:

    Sorry, but it seems as if the doors are still wide open for China to reneg or ignore the agreement. I don’t trust these people.

    Liked by 1 person

  42. jmclever says:

    Bestill my beating heart! USA energy independent AND an exporter of energy? This is YUGE!

    Like

  43. Very helpful itemized breakdown at the end. Thank you!

    Like

  44. Troublemaker says:

    I’m thankful for the outline because I wasn’t sure what Dems were talking about when they came out yelling about “sick chicken”. The US has been trying to resolve the China food safety issue with China for years. The agreement clearly says it has to pass US food safety standards.

    Like

  45. shallbe4 says:

    Sometimes the right thing gets done after everything else has been tried and failed.

    Like

  46. Cee says:

    He is political crack! I could watch Wilburine all day; & I’m amazed at his grasp of it all… PDJT has selected only the best, (“the killers, the ones you know, the ones you don’t know but should…”). I absolutely LOVE Wilbur Ross. I sent him fan-mail by postal; who does that anymore?… Thats how committed I am! Love this man; love the returning of sanity to our trade policy. Strap in; adults are back in charge!….

    Liked by 1 person

  47. G. Combs says:

    “….The U.S. will allow processed (cooked) Chinese chicken products to be imported to the U.S; However –important note– (#3) the U.S. politely forces China to adopt U.S. FDA type regulations, specifically HACCP (Hazard Assessment Critical Control Plans) in their manufacturing and processing of that product…..”

    Do to my previous investigations (comment with many links)I find this to be BAD NEWS! (I am a certified Quality Engineer/chemist BTW)

    Here is what John Munsell had to say about Hazard Assessment Critical Control Plans (HACCP) Having dealt with FDA regs and written QC plans for entire plants I have to agree with him.

    Also we saw HACCP in action at a local food plant (connected to the Clintons). A friend who is a microbiologist doing testing at the plant found Listeria infected corn. She was told to hush it up. This was the same year I lost 4 goats to Listeriosis (confirmed by lab) from contaminated local corn. There are around 300 human deaths per year from Listeriosis.

    John had first hand experience on just how bad HACCP is for the consumers and small business people and just how great it is for the Ag Cartel. Unfortunately that story, “Jolley Five minutes with John Munsell A trip to the woodshed with the USDA” is behind a paywall. His small meat store was shut down because of the e-coli contaminated beef he got from Con-Agri

    HACCP’S Disconnect From Public Health Concerns
    It is long, but well worth the read, so here are some of the high points.

    […] FSIS publicly stated that the heart of HACCP’s “scientific” foundation was microbiological testing, which would reveal the presence of these microscopic pathogens. The agency promised that it would conduct substantial microbial testing at all plants under the HACCP umbrella, and that plants would likewise be expected to perform microbial tests on their own.

    In several public hearings and during intensive industry training prior to HACCP’s implementation, FSIS personnel described HACCP in the following manner:
    Under the HACCP umbrella, FSIS’ involvement would be “Hands Off”.
    FSIS would no longer police the industry, but the industry must police themselves.
    FSIS would dissolve its previous command and control functions, to which all plants responded “Alleluia!”
    Each plant must write its own HACCP Plan, since no two plants are exactly alike.
    FSIS will not have the authority to tell plants how to write their HACCP Plans. Since national standards would be eliminated, the agency cannot require individual plants to comply with agency standards because under HACCP, one size does not fit all. […]

    In less than 100 years since the passage of the Federal Meat Inspection Act, USDA unilaterally and voluntarily relinquished much of its congressionally-mandated authority back to the industry. FSIS’ promise to maintain a “Hands Off” non-inspection role in the industry should have raised red flags, but was outweighed by the ostensible advantages garnered from the promised substantial increase in scientific microbiological testing. ….

    The big slaughter plants quickly qualified. This little-known fact, and its timely implementation, quickly revealed that the agency lacked the intestinal fortitude to conduct microbial testing at the large slaughter plants. Instead, the agency directed its testing at the smaller downline plants, the majority of which do not slaughter. As such, these plants exclusively rely on meat purchased from their large source slaughter suppliers.

    It is imperative to realize that E.coli and Salmonella are “enteric” bacteria, which by definition means they emanate from within animals’ intestines, and by extension, proliferate on manure-covered hides. The downline, further processing plants which do not slaughter have no intestines or hides on their premises. Therefore, when E.coli or Salmonella are detected at these downline further processing plants, the detections quickly reveal that the source slaughter plants are successfully shipping pathogen-laden meat into commerce in containers bearing the official USDA Mark of Inspection.

    Unfortunately, history has shown that when FSIS has detected enteric pathogens at these downline facilities, agency enforcement actions are almost exclusively directed at these victimized downline further processing plants, while virtually ignoring tracebacks to the true origin of contamination. […]

    Like

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