“[P.O.T.U.S.] Says China to Boost Farm Spending to Up to $50 Billion”
October 18, 2019
“China will at least double its spending on U.S. agriculture as part of a partial trade accord between the two countries that’s likely to be well received by crop traders when markets reopen.
Under terms of the arrangement, spending will scale to an annual figure of $40 billion to $50 billion over two years, Treasury Secretary Steven Mnuchin said. U.S. agriculture exports to China totaled $19.5 billion in 2017, government data show…”