China Open to Partial Trade Deal
Country is pledging to buy 30M tons of U.S. soybeans, 3-4M tons of wheat
The U.S. and China are kicking off a new round of trade talks Thursday in Washington and the pieces of a partial deal are already surfacing, reports Bloomberg.
Chinese officials are reportedly bringing pledges to buy 30 million tons of U.S. soybeans in the marketing year that started Oct. 1 — about the same amount it was purchasing annually before the trade war started.
It may also offer to buy 300,000 to 400,000 tons of pork and 3 to 4 million tons of American wheat.