04 DEC

China agrees to buy more US ag products as trade negotiations heat up

The White House announced Saturday night that China has agreed to “start purchasing agricultural products from our farmers immediately” after a dinner meeting between President Donald Trump, Chinese President Xi Jinping and high-level officials on both sides. It’s unclear whether China agreed to lift its wide-ranging retaliatory tariffs on everything from soybeans to tree nuts that have been responsible for the massive reduction in U.S. ag exports, but the meeting – following a dinner of grilled sirloin, seasonal vegetable salad and caramel rolled pancakes on the sidelines of a G20 summit in Buenos Aires, Argentina – appears to have reduced trade tensions between the world’s two largest economies.  Read more

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