The U.S.-China trade war is nearly two years old with a tentative pause in the escalation of hostilities. A pause in further tariff increases following a G20 meeting at the start of July 2019 between President Xi and President Trump included commitments to no further escalation and increased Chinese agricultural purchases. Talks at the end of July have potentially unlocked $1.5 billion of sorghum, corn and pork purchases as well as a commitment to enter more detailed talks in September according to Panjiva’s data analysis. Supply chains aren’t out of the woods however. The trade...
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