China Will Increase Imports of Agricultural Products from the USA

Due to the coronavirus epidemic, a first-phase trade agreement was signed between the USA and China, with cold winds between them. According to this agreement, China will increase imports of agricultural products from the USA. Cold winds began to rest between China, where the coronavirus originated, and the USA most affected by the epidemic. A first-phase trade agreement has been signed between the world's two largest economies. In this context, after the ongoing talks in Hawaii this week, he assured him that he would increase the purchase of agricultural products from the USA. In the news that Bloomberg did not want to be named but compiled according to the information he received from sources close to the subject, it was stated that China aims to increase its imports in a wide range from soybeans that remain in the background due to the coronavirus epidemic, to corn and ethanol. Another source stated that the Chinese government has told public economic enterprises that the necessary purchases should be made to fulfill the requirement of the first phase agreement. The Chinese Ministry of Commerce has not yet made a statement on the subject. On Thursday, June 26, US Secretary of State Michael Pompeo made statements on the issue. According to the trade agreement, Pompeo has announced that China's top foreign policy officials have guaranteed to fulfill all their commitments.