China Trade Deal on Unstable Ground

Export data shows more pork and soybeans buys from China, but the date of sale may have come before new trade tensions. This week officials debate whether there will be trade resolve with the Asian nation.

Successful Farming reports, Chinese officials are growing wary that the risk of finalizing a U.S. trade deal, might be worse than waiting for the 2020 U.S. Presidential Election. The publication reports China has dialed back expectations, for fears the administration might renege on an agreement.

That contradicts White House claims that Chinese officials reached out by phone this weekend. Bloomberg reports the country has prepared contingency plans in the event of a “no-deal” scenario.