The White House touted over the weekend and again on Monday that China will immediately start buying U.S. agricultural goods. Ag economist Wally Tyner warns with tariffs still in place, that may not be a reality soon.
The cease-fire of an escalating trade dispute between the U.S. and China is igniting hopes of a possible de-escalation drove markets to start of the week, despite retaliatory tariffs still being in place.
Despite the trade truce, Washington insiders believe the announcement will still come out this week. USDA Secretary Sonny Perdue is speaking Monday in Chicago, so that news could hit as early as Monday.
As trade trumps most market news today, Andy Shissler of S&W Trading said juggling all these trade deals at once can be viewed as a game of dominos. China will be the last domino to fall, but it will take time.
U.S. Department of Agriculture Secretary Sonny Perdue continues to hear concerns in the field over retaliatory tariffs and market uncertainty, but he told AgDay he’s confident agriculture will come out ahead.
In a Farm Journal exclusive, Ray Starling, who serves as the special assistant to the president for agriculture and agricultural trade, discussed why the administration is taking such a tough stance on trade.