Trump signs first stage of trade deal with China
1/15/20
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from CNN,
1/15/20:
President Donald Trump on Wednesday signed an initial trade deal with senior Chinese leaders that includes pledges from Beijing to more than double its purchases from American farmers in the first year.
The 86-page agreement comes after nearly two years of fraught negotiations and a punishing trade war between the world’s two largest economies that hit US soybean producers especially hard.
American taxpayers have spent about $28 billion bailing out farmers, including payments to trade groups and purchases from food banks.
The pause in the trade war gives Trump something concrete to offer farmers, a crucial element of his Midwestern firewall, heading into the 2020 election.
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