Perdue’s Problematic Purchase Plan Needs China to Buy All Its Beans From The U.S. — Panjiva
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Perdue’s Problematic Purchase Plan Needs China to Buy All Its Beans From The U.S.

Ags - Grains/Beans 164 Ags - Meat/Dairy 138 China 1762 Cons. Staples - Food/Beverages 398 Tariffs 1175 U.S. 3310

U.S. Agriculture Secretary Sonny Perdue has stated a trade deal with China could result in a “doubling or tripling” of U.S. agricultural exports within two to five years. President Donald Trump has already called on China to cut its agricultural tariffs. Yet, a final deal is unlikely to emerge until at least April. Tariffs have slashed 59.0% year over year from U.S. agricultural exports to China which were worth $7.0 billion in 2018. In 2017 oil seeds, including soybeans, accounted for 74.4% – or $12.9 billion – of the total $17.3 billion of U.S. agricultural exports to China...

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