BREAKING NEWS: Report-China to Buy Up to $1.2 Trillion in U.S. Goods

February 22, 2019 12:59 PM
 
CNBC reports sources are telling them China has committed to buying up to $1.2 trillion of U.S. goods.

CNBC reports sources are telling them China has committed to buying up to $1.2 trillion of U.S. goods.  

The news comes, as negotiators for both the U.S. and China wrap up another week of trade talks in Washington.  The group is scheduled to meet Friday afternoon with President Trump at the White House.

Negotiators are continuing to work towards having a memorandum of understanding on several, key topics.  Washington insiders say President Trump and Chinese leader Xi Jinping will meet sometime during the week of March 24th at Mar-a-Lago, to continue to try to work out a deal. Mar-a-Lago is President Trump's golf club in Palm Beach, Florida.

Sources said following meetings on Thursday that there were still big gaps on major issues, especially on China reducing improper subsidies for state-owned firms and its commitments on technology.

Negotiators are trying to beat a March 1st deadline.  That's when tariffs are set to increase on billions of dollars of Chinese goods.  President Trump has said he may extend the deadline.  Keep following AgDay on Facebook and Twitter for the latest on this developing story.

Related articles:

Trump, Xi summit being discussed for late March as China commits to buying $1.2 trillion in US goods

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Comments

 
Spell Check

ck
bad axe, MI
2/22/2019 01:52 PM
 

  When this trade agreement finalized between the US and China and the cash starts rolling all you naysayer farmers will all be on the internet and in town buying everything up , like you did 8 years ago in the ethanol boom. New Quad trac's , new combines, quad runners, gators, diesel pick-ups, $10,000.00 farmland, going on cruises. Remember how it was 8 years ago nobody was bitchin everybody was buying and not soon enough.

 
 
Bob
Small Town, KS
2/22/2019 02:31 PM
 

  Anyone believing this PROPAGANDA is as crazy as the Trumpeter. I just read another article, much more believable than this one, where ag markets to China will plummet 90%. Why are there so many different views? Because everyone is living in a 'dream' world now days.

 
 
Bill
Mora, MN
2/23/2019 08:33 AM
 

  I made it through 20% operating money in 1982, and the dow was 2000 points. I made it through $1.50 corn, and $4 soybeans also. With the dow at 26,000, $3 corn and $9 beans, what ever trump can get done with the chinese will be icing on the cake. Trump 2020!

 
 

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