Report: China to Buy $20B in Agricultural Products from U.S. in New Deal

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Trump has accomplished what the Democrats claimed would be impossible: he has revitalized America’s manufacturing sector, by refusing to tolerate the disastrous trade deals signed by his predecessors.

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Report: China to Buy $20B in Agricultural Products from U.S. in New Deal

During the first year of the new trade deal, China will reportedly buy $20 billion in agricultural products from the United States.

By Right Side, October 24, 2019:

Related: China gives on key US trade-war demand

China aims to buy at least US$20 billion of agricultural products in a year if it signs a partial trade deal with the U.S., and would consider boosting purchases further in future rounds of talks, people familiar with the matter said.

The US$20 billion would take its imports of U.S. farm goods back to around the level in 2017, before the U.S. began imposing tariffs. In the second year of a potential final deal when all punitive tariffs are removed, those purchases could rise to US$40-$50 billion, said the people, who asked not to be named discussing the private talks. The people did not say when the first year would start or when China would start counting agricultural imports toward the US$20 billion.

 

 

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Victor
Victor
4 years ago

Trump is the champion…..of the WORLD!

Suresh
Suresh
4 years ago
Reply to  Victor

Bull sheet. They buy $20 Billion while they run $360 Billion surplus to use to build their Military to challenge USA !

You don’t get more stupider deal than this.

Its should be zero surplus for china , preferably America should have surplus (wishful thinking as they are way too smarter than Trump or the demonrats/RINO’s are worse)

Victor
Victor
4 years ago
Reply to  Suresh

Trump is trying. When did you first notice everything was being made in china. Years before Trump. Trump is fighting in this economic war. When china retaliated on our farmers, people were screaming bloody murder. He just got a good deal with Japan. Trump knows our politicians were bought off but he stuck to his guns on tariffs

Suresh
Suresh
4 years ago
Reply to  Victor

want to know how to bring china down ? Do better deal with india. Raise tariffs on chinese imports and lower on Indian , vietnamese , thailand , phillipine imports. That’s how you support friendly nations and stop the chinese menace from getting bigger.

why feed the commies who want to be superpower and menace to everyone around ?

Victor
Victor
4 years ago
Reply to  Suresh

That makes sense!

Achmed Mohandjob
Achmed Mohandjob
4 years ago

With, or without, a deal … China has to buy U.S. agricultural products. China has become one of the world’s largest pork producers. However, disease has stricken close to three quarters of their herd. The Chinese people have developed quite a taste, and demand, for pork. Where else are they going to get the quantity to satisfy their domestic demand. In addition, very few of pundits know a bloody thing about world commodity markets. If China has domestic need for soy products (meal, oil, or outright beans), if they buy them from another nation …. where will the customers of that other nation go? Physical commodities are almost to the point of being, if not already at, fungible. Corn, wheat, soy … it’s a world market … Large demand for one nation’s crops spurs the price of other nations.
It most surely does not require a “deal” for U.S. products to be sold. I find it amusing that so many people simply cannot grasp reality. Of course, I’m thankful for such … As, it allows me to keep taking money from those on the other side of my trades. Bless ’em all!

knightsstrength
knightsstrength
4 years ago

Australia also needs Trump as many left in both sides of government in Australia. Might have a new Prime Minister again if proven Prime Minister Scott Morrison has dual Citizenship with New Zealand

AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
4 years ago

comment image

Melvin Polatnick
Melvin Polatnick
4 years ago

Hundreds of American billionaires without restrictions will soon be released upon the Chinese mainland. Expect Xi and his Chinese characteristics to be sent to the junkyard. Trump is the worlds greatest deal maker.

iprazhm
iprazhm
4 years ago

This now obligates U.S. citizens to continue suffering with buying tons of worthless cheaply made Chinese crap. Once again I was fooled by what Trump was saying. He made me believe he was getting rid of the MADE IN CHINA labels on two thirds of American shelves! HE’s such a liar. Making deals with these communist enemies. It’s a good thing satan doesn’t have a country with deadly wares to sell, or Trump would be making deals with him.
Opps, he just did!

joc22
joc22
4 years ago

The POTUS played our SoyBoy Prime Minister like a cheap fiddle, he got him to arrest the Huwauni CFO. I retaliation China canceled our shipment of Canola, hogs and dairy. The woman still sits in Canada on appeal. Now the US is filling the agriculture contracts. And the east reelected his moron and his Lieberals again, all be it at a minority. Canada is sunk

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