Economics
Doubts Surface on $50 Billion in China Farm Buys Touted by Trump
- Chinese officials refuse to confirm value of purchase plans
- Level would double pre-trade war U.S. farm exports to China
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Donald Trump says China will spend $50 billion a year for U.S. farm products as part of a “phase one” trade deal between the countries. But doubts are surfacing whether that’s even possible, bolstered by China’s reluctance to confirm the figure.