Source: POLITICO'S MORNING AGRICULTURE, 5/14/20

Trump on Wednesday appeared to blame the coronavirus for how his China deal is panning out, saying the magnitude of the pandemic far outweighs any positive effect of the agreement. It’s expected Beijing won’t meet its target to purchase about $77 billion more of U.S. goods and services this year, compared with 2017 levels.

“As I have said for a long time, dealing with China is a very expensive thing to do,” Trump wrote on Twitter. “We just made a great Trade Deal, the ink was barely dry, and the World was hit by the Plague from China. 100 Trade Deals wouldn’t make up the difference - and all those innocent lives lost!”

Still, there’s no indication Trump intends to pull out of the U.S.-China deal signed on Jan. 15 or take steps to punish Beijing for falling short on implementation, such as imposing more tariffs on Chinese goods.