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Iowa leaders cheer on President as he signs first phase of China trade deal

Joni Ernst, Kim Reynolds, and Chuck Grassley and White House trade deal signing ceremony
Joni Ernst, Kim Reynolds, and Chuck Grassley and White House trade deal signing ceremony

Iowa's governor, two U.S. Senators, and former governor Branstad all attend ceremony.

Posted: Jan 15, 2020 12:55 PM

WASHINGTON (AP) — President Donald Trump signed a trade agreement Wednesday with China that is expected to boost exports from U.S. farmers and manufacturers and is aimed at lowering tensions in a long-running dispute between the economic powers.

Trump said during a White House ceremony that the deal is “righting the wrongs of the past." He promoted the signing as a way of delivering economic justice for American workers and said, "We mark a sea change in international trade" with the signing.

Iowa Senator Joni Ernst, chair of the Senate Agriculture Subcommittee on Rural Development and Energy issued the following statement on the signing:

“There’s no doubt that this is an exciting start to the new year for the great state of Iowa—from the phase one China trade agreement being finalized to the USMCA moving through the Senate, I’m proud to work with President Trump to deliver real results for Iowa’s farmers and manufacturers. I was honored to join the President, Senator Chuck Grassley, and Governor Kim Reynolds at the White House for today’s signing ceremony. As Iowa’s 4th largest trading partner, China is a critically important market for Iowans, and this phase one deal – which is especially promising for our ag and manufacturing sectors – will help provide certainty for folks back home and starts to address other long-time issues with China: forced technology transfers and non-tariff trade barriers. As always, it’s imperative we keep the pressure on China to uphold their end of the bargain to ensure Iowa’s farmers and businesses see the full impact of this trade agreement.”

Chinese leader Xi Jinping, in a letter to Trump that was read by Beijing's chief negotiator Liu He, said concluding the first phase of the trade deal was "good for China, the U.S. and for the whole world"

But the “Phase 1” trade agreement would do little to force China to make the major economic changes such as reducing unfair subsidies for its own companies that the Trump administration sought when it started the trade war by imposing tariffs on Chinese imports in July 2018.

The White House ceremony gave Trump a chance to cite progress on a top economic priority on the same day that the House prepared to vote to send articles of impeachment to the Senate for a trial.

“Our efforts have yielded a transformative deal that will bring benefits to both countries,'' Trump said. He added: ”K eeping these two giant and powerful nations together in harmony is so important for the world" and said "the world is watching today.”

The agreement is intended to ease some U.S. economic sanctions on China while Beijing would step up purchases of American farm products and other goods. Trump cited beef, pork, poulty, seafood, rice and dairy products as examples.

The deal would lower tensions in a trade dispute that has slowed global growth, hurt American manufacturers and weighed on the Chinese economy.

Iowa Governor Kim Reynolds issued the following statement on the new trade deal:

“Today, President Trump secured a historic win for the American people. Forging a stronger trade agreement with China puts Iowa farmers, families, and small businesses first. It was an honor to attend the signing ceremony, at the invitation of the President, and witness such an iconic moment.”

“By opening and expanding markets for our products, protecting intellectual property, and setting standards for currency valuation, President Trump has provided the American economy with a foundation for exponential growth and economic prosperity.”

“I want to commend the President and his entire team, including Ambassador Branstad and trade Ambassador Lighthizer for being a staunch advocate for American farmers and workers. I look forward to working with the administration to build on the progress made today.”

In remarks to an audience of administration officials, lawmakers and business leaders, Trump said before the signing that the “unbelievable deal” would benefit both countries and "lead to even a more stable peace throughout the world.''

Thornier trade-related issues are expected to be taken up in future rounds of negotiations. But it’s unclear when those talks might begin, and few observers expect much progress before the U.S. presidential election in November.

“It is imperative that we develop trade and economic rules and practices that allow us both to prosper. The alternative is not acceptable for either of us,” said Trump's chief trade representative, Robert Lighthizer.

His Chinese counterpart said "the world is now at a critical historical crossroads" facing choices of how to promote country-to-country cooperation.

"Cooperation is the only right choice,'' said Liu, the vice premier.

Senator Ernst, Senator Chuck Grassley, Governor Reynolds, and U.S. Ambassador to China Terry Branstad joined President Trump for Wednesday’s signing ceremony.

 

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 448268

Reported Deaths: 6013
CountyCasesDeaths
Hennepin931011480
Ramsey40016739
Dakota33072340
Anoka30999364
Washington20164228
Stearns17871187
St. Louis13690241
Scott1195496
Wright11614104
Olmsted1048475
Sherburne821365
Carver694836
Clay653280
Rice606868
Kandiyohi554371
Blue Earth541033
Crow Wing482774
Otter Tail457167
Chisago452732
Benton420186
Winona389646
Douglas374166
Nobles370846
Mower365529
Goodhue347958
Polk328658
McLeod325345
Morrison311744
Beltrami310347
Lyon302236
Becker284939
Itasca284543
Isanti282841
Carlton280043
Steele27379
Pine266713
Freeborn245321
Todd231730
Nicollet224636
Brown215134
Mille Lacs214246
Le Sueur210015
Cass207623
Meeker199733
Waseca189316
Wabasha17083
Martin170026
Roseau165416
Hubbard149338
Redwood139727
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Houston135913
Dodge13474
Chippewa131332
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Fillmore12355
Wadena120116
Rock110212
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Aitkin108433
Watonwan10668
Faribault105916
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Kanabec97818
Pipestone94423
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Murray8815
Jackson85610
Swift83418
Pope7385
Marshall70215
Stevens7018
Clearwater68514
Lac qui Parle65716
Lake63715
Wilkin6259
Koochiching59610
Lincoln4841
Big Stone4573
Unassigned43768
Grant4298
Norman4248
Mahnomen4107
Kittson37219
Red Lake3174
Traverse2503
Lake of the Woods1951
Cook1140

Iowa Coronavirus Cases

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Cases: 305606

Reported Deaths: 4278
CountyCasesDeaths
Polk45754449
Linn17795275
Scott15444163
Black Hawk13773236
Woodbury13016175
Johnson1211749
Dubuque11387150
Pottawattamie8992112
Dallas888671
Story869434
Webster469771
Cerro Gordo466768
Sioux455157
Clinton450361
Warren443938
Marshall427761
Buena Vista393429
Muscatine390477
Des Moines381841
Plymouth350368
Wapello344198
Jasper321959
Lee317130
Marion304952
Jones271349
Henry264330
Carroll255434
Bremer245048
Crawford231022
Boone218417
Washington217632
Benton209444
Mahaska193136
Jackson192031
Tama187757
Dickinson186026
Delaware173736
Kossuth173644
Clay168820
Wright164824
Fayette162322
Hamilton160029
Buchanan159923
Winneshiek155719
Harrison155162
Hardin154729
Cedar153219
Clayton151448
Butler148224
Page144715
Floyd139636
Cherokee139027
Mills136416
Lyon135332
Poweshiek132724
Hancock130224
Allamakee127928
Iowa125422
Calhoun12279
Grundy121226
Jefferson120724
Madison12039
Winnebago119429
Mitchell116234
Louisa115030
Cass113341
Chickasaw111612
Sac111215
Emmet110831
Appanoose110538
Union108822
Humboldt105519
Guthrie103024
Shelby102926
Franklin102418
Unassigned9310
Palo Alto9079
Montgomery85622
Keokuk85026
Howard84219
Monroe81218
Clarke7957
Pocahontas77611
Ida74630
Greene6927
Davis69121
Adair68820
Lucas6508
Monona64016
Osceola6409
Worth6113
Taylor5949
Fremont5126
Van Buren49712
Decatur4894
Ringgold4389
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Adams2963
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