China Could Triple Buying of U.S. Farm Products, Perdue Says
- That amount would dovetail with a proposal from Beijing
- Midwest flooding is damaging soybeans in storage, he says
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China could as much as triple its purchases of American farm goods as part of a trade deal between the nations, U.S. Agriculture Secretary Sonny Perdue said.
When compared with the nation’s buying in 2017, “we could easily see, if we are able to come to a trade resolution, a doubling or tripling of that kind of number over a period of” two to five years, he said Monday in an interview on Bloomberg Television with Shery Ahn.