China: What Does it Mean Now?

China: What Does it Mean Now?

Farm Bureau

Today, the United States and China signed a long-awaited Phase One trade deal that, as expected, substantially addresses trade in food and agricultural products. Under the agreement, China has signaled it will purchase and import on average at least $40 billion annually of U.S. food, agricultural and seafood products. However, the main text doesn’t provide much description as to how that figure will be achieved.

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