Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: United States
U.S. President Trump delivers remarks before hosting an Iftar dinner in the State Dining Room at the White House June 6, 2018, in Washington, DC. Chip Somodevilla/GettyImages

U.S.-China trade deal?

Trump expected to make announcement Friday afternoon

Investor’s Business Daily is reporting that President Trump will announce a China trade deal later this afternoon.

Trump and Chinese Vice Premier Liu He are set to meet in the Oval Office this afternoon.

Trump is expected to play up concessions agreed to by Beijing. China is expected to increase its purchases of U.S. agricultural goods.

“The key will be whether these are true concessions – enforceable elimination of trade barriers and tariffs on U.S. farm products, including soybeans, corn, DDGSs, wheat and ethanol, to name a few – or whether it’s just China’s commitment to step up purchases,” said Bryce Knorr, Farm Futures senior grain market analyst. “China needs soybeans right now because Brazil’s supplies are exhausted. But even if they wind up taking 30 million metric tons as reported, total U.S. exports likely would still be 10% lower than they were before the trade war began.”


TAGS: Farm Policy
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.