Photo credit: Iowa State University
An Iowa State University report says China is on track to import more than 31 billion dollars in ag products from the U.S. under the first year of the Phase One trade agreement.
ISU economist Wendong Zhang says that is substantially higher than some previous estimates.
“Even though this number is still lower than the promised value of around 35 to 36 billion dollars, if realized, this will be the highest watermark—the highest quantity—that we have ever sold to China,” Zhang says.