U.S. – China phase-one trade deal behind
By Julie Harker, Brownfield
July 30, 2020
A former USDA chief economist says the pace of China’s purchases of U.S. ag goods is slow and likely won’t reach the amount agreed to in the phase-one trade deal. Joe Glauber, now a senior researcher with the International Food Policy Research Institute, said China has only imported about $8.7 billion dollars of U.S. ag goods this year…
“So that leaves a lot,” he said. “I mean, it’s almost $26 Billion needs to be imported by the balance of the year to reach the $36.6 [Billion]. That means a pace that’s three times the pace that we saw in the first six months.”
Glauber said the deal is complicated by the fact that it’s based on...
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