Source: CNBC, 2/25/21


Agriculture Secretary Tom Vilsack believes China is making good on promises it made as part of the landmark phase one trade deal it signed with the U.S. last year. Vilsack said that the deal allows for market conditions to dictate how much Beijing is required to purchase from U.S. farmers. The Covid pandemic, he added, would qualify as a material market condition that would impact how much China has to buy. “The good news is – China seems to be living up to its responsibilities,” he said Wednesday. 

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