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China to Propose $30 Billion More U.S. Agriculture Purchases

  • Beijing may buy more U.S. soybeans, corn, wheat, people say
  • Proposal would be part of MoUs under discussion in trade talks
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China Is Said to Propose $30 Billion More of U.S. Agriculture Products
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China is proposing that it could buy an additional $30 billion a year of U.S. agricultural products including soybeans, corn and wheat as part of a possible trade deal being negotiated by the two countries, according to people with knowledge of the plan.

The offer to buy the extra farm produce would be part of the memoranda of understanding under discussion by U.S. and Chinese negotiators in Washington, according to the people, who asked not to be identified because the plans are confidential. The purchases would be on top of pre-trade war levels and continue for the period covered by the memoranda, they said.