Rounds: Understanding China trade negotiations

South Dakota’s manufacturers and ag producers have been at the tip of the spear in our trade negotiations with China. At a time when farmers and ranchers are facing the worst agricultural crisis since the 1980s, it’s more important than ever the administration finalizes a trade deal with them that is good for American producers. 

For the past two years, President Trump and members of his administration have been working on a trade deal with China that will level the playing field and stop their trade ‘cheating’ once and for all. China has been an unfair trading partner for decades. When President Trump took office, the average tariff we imposed on China was approximately 4 percent. Conversely, China’s tariffs on U.S. goods were about 10 percent. While this alone is concerning, they

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