Chinese Purchases of U.S. Ag Products Approaching Target
What is the value of the Phase One Trade Agreement that the United States and China implemented almost 18 months ago?
What is the value of the Phase One Trade Agreement that the United States and China implemented almost 18 months ago?
As agricultural trade remains strong, commitments made during the Phase One Economic and Trade Agreement between the U.S. and China last year are still below the mark.
According to the Peterson Institute for International Economics, China’s total imports of covered products from the United States were $100 billion, compared with the target of $173 billion.
Following another big week of commodity purchases from China, a recurring question by U.S. farmers and farm groups is whether these exports will, in fact, add up to their commitments.