A former USDA chief economist says the pace of China’s purchases of U.S. ag goods is slow and likely won’t reach the amount agreed to in the phase-one trade deal. Joe Glauber, now a senior researcher with the International Food Policy Research Institute, said China has only imported about $8.7 billion dollars of U.S. ag goods this year…
“So that leaves a lot,” he said. “I mean, it’s almost $26 Billion needs to be imported by the balance of the year to reach the $36.6 [Billion].