China’s US$50bil deal with US might not happen

Huge deal: A file picture showing a crop scout walking through a soybean field to check on crops in Indiana. China has agreed to make purchases of up to US$50bil in agricultural goods. — Reuters

BEIJING: China is still a long way from forking out US$50bil for farm goods from the United States, agriculture industry analysts say, cautioning that getting there is contingent on removing substantial technical and political hurdles.

Outlining the first phase of a deal to end a trade war with China, US President Donald Trump lauded his counterparts last Friday for agreeing to make purchases of US$40bil to US$50bil in US agricultural goods.