National Ag News
What does a potential $30 billion ag trade deal with China look like?
Mar 21, 2019, 13:55 PM
by
Admin B
The U.S. and China appear to be making progress in trade talks and China has proposed buying an additional $30 billion of U.S. ag goods as part of a deal.
But an ag economist says
there are things to keep in mind with any potential agreement.
“So, what does $30
billion mean, what does it look like because China has just dropped off,” he says.
“If we use 2012 through 2017 data it’s one thing if we double or triple or add
$30 billion to that, but if you look at 2018 data it’s not that big of a change.”
David Widmar with Ag Economic
Insights says a U.S.-China trade deal would be good news for the agriculture industry,
but the question is what it will look like.
