China to buy additional $32 billion in U.S. farm goods over two years, sign deal in January: USTR

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China to buy additional $32 billion in U.S. farm goods over two years, sign deal in January: USTR
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China has agreed to buy $32 billion of additional U.S. farm products over two ye...

FILE PHOTO: U.S. Trade Representative Robert Lighthizer listens as U.S. President Donald Trump meets with Bahrain Crown Prince Salman bin Hamad Al Khalifa during a meeting in the Oval Office of the White House in Washington, U.S., September 16, 2019. REUTERS/Al Drago

WASHINGTON - China has agreed to buy $32 billion of additional U.S. farm products over two years as part of a phase one trade pact, U.S. Trade Representative Robert Lighthizer told reporters on Friday, adding the deal would be signed the first week of January. As part of the agreement, Beijing agreed to buy $16 billion more in American agricultural products in the first year, up from the 2017 baseline of $24 billion, Lighthizer added.

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