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China Ag Purchases May Come in Second Half of 2020

Spread of coronavirus may delay complying with trade deal

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American farmers waiting for all the benefits of Donald Trump’s trade deal with China are going to have to wait a while, reports AGWeb.

There’s been skepticism about China’s ability to buy as much as $50 billion in additional U.S. farm goods ever since the pact was signed in mid-January.

The head of a major global crop trader says that the Asian nation will make good on its pledges, but most of its purchases may come only in the second half of 2020.

Meanwhile, the spread of the deadly coronavirus is focusing attention on a part of the agreement that says the nations will consult “in the event that a natural disaster or other unforeseeable event” delays either party from complying with the deal.

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