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Wheat Groups Welcome Trump Trade Stance with China

September 29, 2017 - 2:15 pm
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U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) say they welcome the decision by the Trump Administration to make sure China is living up to its commitments on wheat trade.

In response to action by the Administration, the World Trade Organization (WTO) Dispute Settlement Body has established a panel to rule on a complaint filed in December 2016 by the United States Trade Representative (USTR) regarding China's administration of its tariff rate quotas for wheat and other agricultural products. USW and NAWG say they're very pleased with the Trump Administration's aggressive use of the WTO dispute settlement mechanism on behalf of wheat farmers.

This is the second panel established at the WTO under the Trump Administration to defend the interests of wheat farmers. The first will examine whether China's market price support programs for wheat, corn, and rice violate its trade commitments.

According to a 2016 Iowa State University study sponsored by USW, China's market price support programs cost U.S. wheat farmers between $650 and $700 million annually in lost revenue by pre-empting export opportunities and suppressing global prices.

 

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