U.S. – China phase-one trade deal behind (Brownfield Ag News)

Brownfield Ag News reported on where the US and China stand with negotiations and phase-one of the trade deal. Senior Research Fellow Joseph Glauber said, “China has only imported about $8.7 billion dollars of U.S. ag goods this year, so that leaves a lot. I mean, it’s almost $26 billion that needs to be imported by the balance of the year to reach the $36.6 [Billion]. That means a pace that’s three times the pace that we saw in the first six months.” China has only imported about $8.7 billion dollars of U.S. ag goods this year. While China has been stepping up some purchases it’s unrealistic to believe they’ll reach the goal. He says the key for U.S. agriculture is to grow demand in China.”