The Phase 1 trade agreement, which was signed on January 15, calls on China to boost its purchases of US agricultural commodities by $40 billion over the next two years.
The fast-spreading virus has killed more than 1 000 people in China, where there have been nearly 43 000 cases.“We expect the Phase 1 deal will allow China to import more food and open those markets to American farmers, but certainly as we watch this coronavirus outbreak unfold in China it could have an impact on how big, at least in this current year, the purchases are,” O’Brien told an event at the Atlantic Council.
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