China Considers Spending $30 Billion More in US Agriculture Purchases
- 5 years ago
China Considers Spending $30 Billion More in US Agriculture Purchases According to 'Bloomberg,' China is to propose buying the additional produce as part of a possible trade deal. The offer would be included in
the memoranda of understanding
between the two countries. Sonny Perdue, U.S. Agriculture Secretary, via 'Bloomberg' Officials are also
reportedly discussing
removing certain tariffs. Arlan Suderman, chief commodities economist at INTL FCStone, via 'Bloomberg' China imported $24.2 billion
worth of U.S. agricultural products in 2017,
compared to $16 billion in 2018 due to tariffs. December's tariff truce has helped to resume some imports, but if a deal can't be reached, China will
likely buy from Brazil and Argentina. According to USDA Chief Economist Robert Johansson,
the memoranda of understanding
between the two countries. Sonny Perdue, U.S. Agriculture Secretary, via 'Bloomberg' Officials are also
reportedly discussing
removing certain tariffs. Arlan Suderman, chief commodities economist at INTL FCStone, via 'Bloomberg' China imported $24.2 billion
worth of U.S. agricultural products in 2017,
compared to $16 billion in 2018 due to tariffs. December's tariff truce has helped to resume some imports, but if a deal can't be reached, China will
likely buy from Brazil and Argentina. According to USDA Chief Economist Robert Johansson,