U.S. Farmers Need to Wait a While for China’s Buying Spree

Feb 04, 2020 at 08:53 AM CST
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. American farmers waiting for all the benefits of Donald Trump’s trade deal with China are going to have to wait a while. There’s been skepticism about China’s ability to buy as much as $50 billion in U.S. farm goods ever since the pact was signed in mid-January. And while the head of Archer-Daniels-Midland Co., one of the world’s top agricultural commodity traders, said the Asian nation will make good on its promises, most of its purchases may come only in the second half of 2020.

Feb 04, 2020 at 08:53 AM CST

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. American farmers waiting for all the benefits of Donald Trump’s trade deal with China are going to have to wait a while. There’s been skepticism about China’s ability to buy as much as $50 billion in U.S. farm goods ever since the pact was signed in mid-January. And while the head of Archer-Daniels-Midland Co., one of the world’s top agricultural commodity traders, said the Asian nation will make good on its promises, most of its purchases may come only in the second half of 2020.