China is willing to buy as much as $20 billion of US farm goods in the first year if a phase-one trade deal is signed with the US,That would bring imports of US agriculture goods in line with pre-trade-war levels. China would also potentially increase purchases to $40 billion to $50 billion if a potential deal goes into a second year and tariffs are removed.
China has already begun to lay the groundwork for the first phase of the trade deal, by issuing waivers for 10 million tons of soybean purchases this week. China is also considering waivers for another 4 million to 5 million tons of grains including wheat, corn, and sorghum, according to the report.
Boy, that $40-50 billion sure when away fast😂😂😂😂😂😂😂
China promises $20 billion but in the end that number becomes $3 billions...!
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Source: Reuters - 🏆 2. / 97 Read more »