Goldman Sachs casts doubt on whether China can honor $40 billion in US farm purchases

Washington wants China to raise farm puchases to at least $40 billion for this year and next.

The U.S. and China plan to sign the first draft of the trade pact on January 15 which will see tariffs eased and changes introduced to rules surrounding intellectual property and technology. Washington is also demanding that China buys between $40 billion and $50 billion worth of agricultural goods from the U.S. each year.

"There is still a lot of uncertainty about how you would achieve $40 or potentially even $50 billion of agricultural purchases," Currie said, before adding, "A lot of the people I talk to are really skeptical that you can really achieve that number."

I think our farmers have the goods and I am sure the Chinese people have the need...!

So the US Trade Rep told reporters China pledged $24 billion a year (plus $16 bil over next 2 yrs). But Trump announced it as $40 billion? And then said it should be $50 billion?

cubanlovestrump CNBC fake news why would I believe you about China,

TheLastRefuge2 Why do I feel like I can't really trust Goldman Sachs' opinion? Hmmmm......

No buddy in th f right mind believe ty well it a favor to trump to make farmers happy and probably through in a few license for Ivanka

LiveSquawk they can but at the expense of other US allies, thus by signing it there are 2 outcomes, US is sued to sh!t by its allies via WTO or China cannot fulfil orders. Trump thinks that because he wants it that suddenly the world population expands by the % uplift required to eat it all

Absolutely not. Chinazi's been cheating; America's been dreaming. Period.

Let’s put this into perspective: the price of soybeans at the start of trade war: $10.50. Today $9.35. Is that what winning looks like realDonaldTrump

just killing time,waiting election.

Of course not. Social media in China is full of discussion laughing at the stupidity of the USA. They quoted SunTzu's 兵不厌诈...

LiveSquawk Someone finally called bullshit

buy some rubbish from poor US

I don't think they can. We're swimming in soy beans.

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