America and China reach a “phase one” trade deal (The Economist)

The Economist reported on the recent progress of the US-China trade negotiations which have set out targets for categories of commodities so that Chinese agricultural purchases from America would rise o at least $40bn in 2020 and 2021. But those figures would be kept secret, in case they had an impact on markets. Senior Research Fellow Joseph Glauber questions the decision to keep the numerical targets secret, asking “how else would producers get signals on what to plant?”