The Department of Commerce hosted a day-long hearing with witnesses from across the U.S. economy to examine reasons for bilateral deficits with 13 U.S. trading partners. USA Rice, participating in the agriculture panel, explained that while the U.S. rice industry generates a $1.2 billion trade surplus, “a majority of the countries being examined, including China, the European Union, India, Japan, Korea, Taiwan, Thailand, and Viet Nam intervene heavily in the rice market, and the result is restricted access for U.S. rice or unfair competition in foreign markets.”
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