Source:  REUTERS, 12/20/19

China will make good on a pledge to purchase more than $40 billion per year of U.S. agricultural products under the recently agreed Phase 1 trade deal between the two countries, China’s top agriculture consultancy said on Friday. Chinese purchases of agricultural goods are expected to increase to $40 billion to $50 billion annually over the next two years under the deal aimed at resolving the long-running trade war between the world’s top two economies, according to U.S. Trade Representative Robert Lighthizer.

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