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China could purchase much less U.S. farm product than thought, new USDA estimate suggests

China could purchase much less U.S. farm product than thought, new USDA estimate suggests

China could purchas far less in farm goods

President Trump’s promise in January that China would purchase roughly $40 billion in U.S. agriculture  products this year faced new questions Thursday when a top government  economist suggested a much smaller haul could occur, adding uncertainty  to a key part of a partial trade deal.

The  U.S. Department of Agriculture’s chief economist, Robert Johansson,  projected that agricultural exports to China would reach roughly $14  billion in the year that ends Sept. 30, a $4 billion increase from one  year ago.

Source: China could purchase much less U.S. farm product than thought, new USDA estimate suggests

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