The United States and China are still in the early stages of their trade war and...
BUENOS AIRES - The United States and China are still in the early stages of their trade war and tensions that arise from it should be considered the “new normal,” a U.S. Department of Agriculture official said on Wednesday.
Washington has tried to hold China accountable for its trade practices and not sought “quick compromises for quick resolutions” to tariffs and other issues, Mark Jekanowski, deputy chairman of the USDA World Agricultural Outlook Board, told an industry conference in Buenos Aires. But Trump said on Wednesday a deal to end the nearly 15-month trade war with China could happen sooner than people think. “They want to make a deal very badly ... It could happen sooner than you think,” Trump told reporters in New York.U.S. soybean stockpiles are at record highs with the drop in demand from China, which has provided domestic soymeal plants with ample supply of beans to crush.
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