U.S. dairy exports to China fell more than 50 percent in 2019 and the U.S. Export Council estimated last year that China`s retaliatory duties could cost U.S. dairy farmers US$12.2 billion by 2023 if they remain in effect. US trade wars: Farmers trust Trump but not without concern A summary of the new deal states that Beijing will now „strive“ to buy an additional $5 billion (£3.8 billion) of US agricultural products over the next two years. Free trade agreements (FTA) have a great influence on agricultural tariffs. For 16 of the 20 countries with which the U.S. has free trade agreements, U.S. exporters will face zero tariffs on 98% or more of agricultural goods once the agreements are fully implemented. For country-specific information on the benefits of free trade agreements for agriculture, please follow these links. In the 1990s, there were 1,000 ginseng farmers in Wisconsin, Hsu says, who grow more than 2m of ginseng. The WTO Agriculture Agreement provides a framework for long-term reform of agricultural trade and domestic policy, with a view to fairer competition and a less distorted sector.
„This will result in greater prosperity for farmers across the country,“ Trump said at the signing of the agreement. Our goal is a sustainable trade policy that guarantees a fair income and decent conditions for workers and gives all citizens access to quality products. Trade policy, combined with food and social policy, should ensure a balance between fair prices for producers and a level playing field for farmers, decent wages and access to appropriate and nutritious good quality food. „Every year we lose a few farms, every year we lose a few farmers who don`t want to do that anymore,“ says Will Hsu, president of Hsu Ginseng, a ginseng farm in Marathon County, central Wisconsin. Negotiators and lobby groups often see national or EU food safety rules as barriers to trade, for example. B they criticise the labelling legislation as it would limit the demand for genetically modified foods in the EU. In fact, these rules were put in place to allow citizens to make well-informed food decisions. To yield to these criticisms would be to sacrifice democratically agreed norms to allow a handful of corporations to maximize their profits, to the detriment of citizens, nature, and farmers.