Doud discusses ‘Phase One’ enforcement
January 20, 2020 By Ken Anderson Filed Under: News, Trade
The chief ag negotiator for U.S. trade, Gregg Doud, says there are strong enforcement mechanisms in the newly inked phase one trade agreement with China.
Doud was asked
about enforcement during a meeting with wheat growers in Washington.
has the right to put tariffs on, commensurate with the value of whatever the
problem is—and, importantly, if and when that happens, the other side cannot
retaliate,” Doud says. “The goal is not to have that happen—and I will tell
you, that’s very sincere on both sides.”
Doud also addressed
concerns with a provision stating the Chinese will buy U.S. ag goods “in line
with market terms”. Doud says that
revolves around the ag economic term of “seasonality”.
“We don’t expect China to buy U.S. soybeans in the middle of the Brazilian harvest. That’s what that term means,” he says. “The expectation is they have a commitment to make. We expect them to make that, when it’s our time.”
Doud says trade
officials from both countries will continue to meet on a regular basis to
ensure the terms of the agreement are being met.
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