China will buy $ 80 billion in US agricultural products

Thursday, 19 December 2019 00:00 Written by  font size decrease font size decrease font size increase font size increase font size
China will buy $ 80 billion in US agricultural products photo by gettyimages

China has pledged to buy at least $80 billion of US agricultural products over the next two years.

Experts and economic advisers believe that these purchases will be made in a competitive environment.
On this basis, it seems that the prices of poultry products produced by countries such as Brazil and Argentina are comparable to those of American products.
Chicago's soybean and corn prices have risen more than 5 percent over the past three months.
Perhaps this is why US government business advisers believe that the Chinese will only evaluate the price in such a process, and not just review the estimates provided in the agreement.
Finally, US commentators hope to reduce tariffs on some US exports to China from 15% to 7.5%.

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