US Ag Secretary: No Need for More Farm Aid After China Trade Deal
|01/21/2020||Posted by BusinessMediaguide.Com under General World News||
With China poised to increase purchases of U.S. agricultural goods this year as part of a Phase 1 China trade deal, the U.S. Agriculture Secretary said Monday there is no need for a third year of trade-related aid for farmers.
Farmers have increasingly relied on aid from the U.S. government to survive during the past two years as exports have lagged throughout the U.S.-China trade war. But USDA Secretary Sonny Perdue said China will soon begin buying U.S. farm goods to meet the $40 billion in agricultural purchase agreements it made, alleviating growers’ need for more aid.
China, which typically buys the read more >>>