China Phase 'Two': What We Know Right Now
China has committed to purchasing at least 87 million tons of soybeans over three years.
The Vice President of Public Policy and Economic Analysis notes that trade policy decisions will impact farmers and ranchers.
This development is part of a series exploring agricultural trade and potential impacts of trade policy changes.
Deal on Economic and Trade Relations
After months of negotiations, President Trump announced a deal with China, including agricultural-related provisions similar to the 2020 Phase One deal.
The 2020 Phase One deal resulted in over $60 billion in agricultural exports over the first two years.
China's Historical Agricultural Purchases
Before the Phase One agreement, U.S. agricultural exports to China grew from $2.6 billion in 2000 to a record $28 billion in 2012.
Author's summary: China commits to massive soybean purchases.
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