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China Could Triple Buying of U.S. Farm Products, Perdue Says

Mar 20 , 2019

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.

That would dovetail with a proposal by Beijing to buy an additional $30 billion a year of American agricultural products. China’s U.S. agricultural imports were about $20 billion a year, before the trade war, Gregg Doud, the chief agricultural negotiator for the Office of the U.S. Trade Representative, said earlier Monday.

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