Trump’s smoke-and-mirrors trade deal with China (Washington Post)

Washington Post reported on the latest trade deal negotiations between the United States and China. The U.S. belief is that China will buy $40 billion to $50 billion in U.S. agricultural products annually — more than double the level in 2017 ($19.6 billion). Senior Research Fellow Joseph Glauber stated Chinese soybean imports are down 10 percent from 2017 levels — and soybeans account for nearly two-thirds of U.S. farm exports to China. “It will be very hard” to get to $40 billion, much less $50 billion.