Congressman Fred Keller cheers signing of Phase One China Trade Deal
Washington, D.C. — According to the trade deal, China has agreed to buy more than $200 billion of U.S. goods over a two-year period. That total includes $75 billion worth of manufactured goods, including hardwoods, $50 billion of energy, $40 billion of agriculture, and up to $40 billion of services.
Pennsylvania is the number one state in terms of hardwood growing stock, production of hardwood lumber, and in the export of hardwood lumber and wood products.
Pennsylvania’s 12th Congressional District is home to a number of hardwood producers, which Congressman Keller has visited while extensively traveling the district.
On the signing of the Phase One China Trade Deal, Congressman Fred Keller made the following statement:
“I thank President Donald Trump for signing the Phase One China Trade Deal today. With China pledging to purchase $75 billion of our nation’s manufactured goods, the Phase One China Trade Deal is a huge win for the nation’s manufacturing industry and will be particularly beneficial to Pennsylvania hardwood producers with their inclusion in the trade deal.
“For decades China has taken advantage of the United States through currency manipulation, intellectual property theft, and an unfair trade relationship, but prior administrations sat by doing nothing hoping the status quo would be better than the process of seeking a better deal.
“Today, President Trump has shown that he is keeping another promise of standing up for our nation’s farmers, manufacturers, energy producers, and other job creators by holding China accountable and putting the country on the road to a better, America-first trade relationship.”