image credit: Gage Skidmore / Flickr

Trump Reaches Partial Deal with China, Delays Tariffs

October 14, 2019

Namely, the U.S. President, Donald Trump, said that the deal with China means that “they will immediately start buying very large quantity of our agricultural product, not wait until the deal is signed over the next 3 or 4 weeks.”

On October 11, China agreed to more than double its annual purchases of American agricultural products to as much as USD 50 billion.

In a series of tweets, the President noted that the parties would “finish out the large phase one part of the deal, then head directly into phase two.” He added that the initial phase could be finalized and signed soon.

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