U.S. – China Tea Leaves Under the Phase One agreement, U.S. exports of goods to China this year were supposed to increase by 36.6 percent over the base year of 2017. Instead, they are down nearly 6 percent in the first four months of this year compared to 2019. U.S. agricultural exports to China were down 45 percent in the first quarter of this year compared with the first quarter of 2017. Notably, sales to China of U.S. manufactured goods like vehicles are even further behind. Interpreting the meaning of the two sides’ statements below following yesterday’s phone call does not sound encouraging. Chinese Vice Premier Liu He: The two sides agreed to: "create a favorable atmosphere and conditions" for the Phase One deal "...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.