Trump’s $8.4 Billion Agricultural Ask Will Have to Wait for an Answer

Ags - Fruit/Veg 107 Ags - Grains/Beans 237 Ags - Meat/Dairy 192 Ags - Softs 112 China 2527 Consumer Staples 589 Tariffs 1613 U.S. 4472

President Donald Trump has asked the Chinese government to “immediately remove” all agricultural tariffs as a result of positive progress on trade talks and the U.S. decision to not increase tariffs on Mar. 2. A short-term response may be unlikely given the Chinese government’s focus on the National People’s Congress this week. A formal response may not be forthcoming until a summit meeting with President Xi Jinping around Mar. 27. U.S. exports of agricultural products dropped to $9.11 billion in the 12 months to Nov. 30, down $8.42 billion compared to calendar 2017. Soybeans accounted f...

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