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Trump scores win as Chinese let US rice into China for first time
THE US can now ship rice to China for the first time, signalling a win for President Donald Trump in his efforts to reshape trade, reports Bloomberg.
Chinese and American officials finalised the protocol to allow for the first shipments, the US Department of Agriculture (USAD) said. China is the world's biggest rice consumer, importer and producer.
The rice deal comes just a month after China reopened its market to US beef imports for the first time in more than a decade and is the latest in a flurry of trade negotiations between the nations.
Rice trade talks have been taking place between the two countries for more than a decade, US Agriculture Secretary Sonny Perdue said in the statement.
China's appetite for the grain helped push the nation's imports up tenfold in the past decade to five million tonnes in the 2016-17 season, USDA data show.
Still, American rice shippers face rivals in Vietnam, Thailand and Pakistan, China's biggest foreign suppliers in 2016. The US is No 5 in the international rice league tables.
President Trump's trade deficit campaign put a "spotlight" on rice, said USA Rice lobby chairman Brian King.
China is planning to send a team to inspect US mills and facilities certified for shipment, and the group is working with USDA to ensure that happens quickly.
Chinese and American officials finalised the protocol to allow for the first shipments, the US Department of Agriculture (USAD) said. China is the world's biggest rice consumer, importer and producer.
The rice deal comes just a month after China reopened its market to US beef imports for the first time in more than a decade and is the latest in a flurry of trade negotiations between the nations.
Rice trade talks have been taking place between the two countries for more than a decade, US Agriculture Secretary Sonny Perdue said in the statement.
China's appetite for the grain helped push the nation's imports up tenfold in the past decade to five million tonnes in the 2016-17 season, USDA data show.
Still, American rice shippers face rivals in Vietnam, Thailand and Pakistan, China's biggest foreign suppliers in 2016. The US is No 5 in the international rice league tables.
President Trump's trade deficit campaign put a "spotlight" on rice, said USA Rice lobby chairman Brian King.
China is planning to send a team to inspect US mills and facilities certified for shipment, and the group is working with USDA to ensure that happens quickly.
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