Fri. Dec 6th, 2019

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Trump says Chinese demand after ‘greatest deal ever made’ may overwhelm US farmers

1 min read
“The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers

President Trump lauded the partial trade agreement he struck with China this week, calling it the “greatest and best” deal in a tweet Saturday morning.

As part of the deal — which Trump and President Xi Jinping could sign as soon as next month — China agreed to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion and to make certain reforms on intellectual property and financial services. The U.S. will not raise tariffs on Oct. 15 from 25 percent to 30 percent.

It’s still unclear whether Trump plans to halt another round of tariffs that are set to take effect on Dec. 15.

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