Economics
China Ties Agriculture Binge to Trump Reducing U.S. Tariffs
- Beijing considering buying soybeans, cotton, ethanol and more
- China could open market to DDGS, poultry imports, people say
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Beijing wants a rollback in tariffs in its trade war with the U.S. before China can feasibly agree to buy as much as $50 billion of American agriculture products that President Donald Trump claims are part of an initial deal, people familiar with the matter said.
Chinese officials are willing to start purchasing more U.S. agricultural products as part of the “phase one” trade deal, but it is not likely to reach the $40 billion to $50 billion touted by Trump under current circumstances, the people said, asking not to be identified discussing the private negotiations.