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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
Bloomberg business news
U.S. Agriculture Secretary Perdue on Trade Talks With China, Japan, EU

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.