China Considers Spending $30 Billion More in US Agriculture Purchases

China Considers Spending $30 Billion More in US Agriculture Purchases According to 'Bloomberg,' China is to propose buying the additional produce as part of a possible trade deal. The offer would be included in the memoranda of understanding between the two countries. Sonny Perdue, U.S. Agriculture Secretary, via 'Bloomberg' Officials are also reportedly discussing removing certain tariffs. Arlan Suderman, chief commodities economist at INTL FCStone, via 'Bloomberg' China imported $24.2 billion worth of U.S. agricultural products in 2017, compared to $16 billion in 2018 due to tariffs. December's tariff truce has helped to resume some imports, but if a deal can't be reached, China will likely buy from Brazil and Argentina. According to USDA Chief Economist Robert Johansson,