When President Trump announced early last week the U.S. and China were returning to the negotiating table in hopes of securing a trade war truce – we’re now negotiating “phase one” of broader tariff détente, a move Trump rejected earlier – agriculture immediately seized on his statement the Chinese would be back in the market for U.S. ag, “ramping up” to a whopping $40-50 billion in market-starved U.S. commodities.
Agriculture was initially of two minds: First, we’ve been down this road before, only
to watch China walk away; second, $40-50 billion is more than twice what China
bought from the U.S.
Continue reading The fine print of Trump’s China tariff deal at Brownfield Ag News.
