President Donald Trump’s promise that his phase one trade deal with China would provide a $36.5 billion election-year bonanza for his rural base was always a stretch. Now it looks like it may never be fulfilled.
Trump is back to bashing China. The Asian nation’s roaring economy was stalled for months by the coronavirus pandemic, cutting its demand for imports. And a plunge in Brazil’s currency is making products produced by one of the U.S.’s main international agricultural competitors cheaper.