Financial Times reported that farmers in the US are in line for record handouts from Washington this year, sparking accusations that Donald Trump is trying to buy the agricultural vote ahead of the November election. China’s imports of farm goods covered by the trade deal were $7.bn at the end of July. Still Beijing and Washington reached a truce in January that included commitments from China to purchase $12.5bn worth of extra farm goods. Senior Research Fellow Joseph Glauber said, “sales of US farm goods to China were on track to return to 2017 levels this year.”
US farmers in line for record $37bn in government handouts this year (Financial Times)
September 03, 2020