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China to Buy Additional $32B in Farm Goods

China gave no firm commitment on an amount of US goods

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The US government said on Friday China would buy an additional $32 billion in US farm goods over the next two years as part of an initial trade deal, reports Reuters.

China gave no firm commitment on an amount of US goods, but said it may buy more wheat, rice and corn — goods it has not traditionally bought. Soybeans made up more than half of China’s agriculture purchases from the United States in 2017, at about $12.2 billion.

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