Cargill has 'significant concerns' over US-China trade strategy

Matthias Oesterle via ZUMA

"Unilateral imposition of tariffs prior to any meaningful negotiations with China will raise charges that the United States has ignored its WTO commitments", the NFTC said in its comments submitted last week, adding additional tariffs are "extremely likely" to increase the harm to American manufacturers, service providers and consumers.

However, growing trade disputes are disrupting agricultural supply chains worldwide, with ships carrying USA sorghum exports turning around after China raised prices for buyers.

"President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast", Trump tweeted.

"During the campaign trump wouldn't shut up about how America's jobs were being stolen by China", Colbert said during "The Late Show" on CBS, leading into a series of clips in which Trump as a candidate railed against China.

"While we understand the Administration's intent is to generate substantive bilateral dialogue, we are concerned that this approach will not effectively advance the goal of addressing distortive trade practices", she wrote.

China's important role in upcoming agreements may also influence future USA decisions regarding ZTE. In retaliation, Beijing is threatening tariffs on $50 billion in USA products. Commerce Department has been instructed to get it done!

Chinese negotiators who were holding trade talks with U.S. counterparts in Beijing in late April, asked the United States to hear ZTE's appeal, and take into account the company's efforts to improve its compliance, and amend the ban.


In a later tweet, Trump suggested the USA and China were moving forward on the trade negotiations, but it was not clear how the ZTE case would fit into the bigger picture.

U.S. Ambassador to China Terry Branstad speaks at an event to celebrate the re-introduction of American beef imports to China in Beijing, China June 30, 2017. "The more we can work things out, the better it's going to be not just for USA and China, but for the entire world economy", he said.

The US Commerce Department's Bureau of Industry and Security (BIS) had imposed the ban on sales by American companies to ZTE for seven years.

Trump is seeking to cut the chronic US trade deficit by $100 billion and gain concessions over the policies that foreign companies say force them to share technology in order to gain market access.

This move is believed to not only affect ZTE, with its estimated 80,000 worldwide staff members, but other state-controlled Chinese companies like its three major carriers. The actions may be linked, and may bear on agricultural trade as well, although Commerce Secretary Wilbur Ross on May 14, 2018 insisted that the sanctions against ZTE had "nothing to do with trade".

In 2012 the US House Intelligence Committee had warned that both Huawei and ZTE posed a national security threat and recommended they were banned from the US.

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