Trump claims a victory in China trade war, but U.S. farmers want details

U.S. AGRICULTURE. A farmer walks through his soy fields in Harvard, Illinois, July 6, 2018. File photo by Nova Safo/AFP

But on Monday, October 14, the country's biggest agricultural federation, the Farm Bureau, told Agence France-Presse it was awaiting more concrete information on the tentative deal with China, which negotiators areAnd Roger Johnson, president of the National Farmers Union , said that"while we are glad to see a detente in this seemingly endless trade war, the tangible benefits to American family farmers and ranchers are unclear.

of US farm goods fell in 2017 to $19.5 billion, before dropping sharply last year to just over $9 billion after Beijing imposed burdensome taxes on US imports in retaliation for similar US measures."From the very beginning of the trade war, farmers have been promised that their patience would be rewarded," Brian Kuehl, co-executive director of Farmers for Free Trade, said in a statement."To date, the deal they've been promised has not come.

At the Chicago Mercantile Exchange, where brokers bet on trends in the prices of farm products, the market was far from euphoric. "The market's muted reaction shows the skepticism about the deal, the idea that, even if it happens, it just shuffles the trade flows" between different countries, said Bill Nelson, a chief economist for agricultural consultancy Doane Advisory Services.

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