Category: Agriculture

Exclusive: U.S. pushing India to buy $5-6 billion more farm goods to seal trade deal – sources

WallStreetReview
Exclusive: U.S. pushing India to buy $5-6 billion more farm goods to seal trade deal – sources
NEW DELHI (Reuters) – The United States wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider pact, four sources familiar with the talks told Reuters. FILE PHOTO: A man holds the flags of India and the U.S. while... Read More

Exclusive: U.S. pushes India to buy $5-6 billion more farm goods to seal trade deal – sources

WallStreetReview
Exclusive: U.S. pushes India to buy $5-6 billion more farm goods to seal trade deal – sources
NEW DELHI (Reuters) – The United States wants India to buy at least another $5-6 billion worth of American poultry and farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession, four sources familiar with the talks told Reuters. FILE PHOTO: A man holds the flags of India and the U.S. while people take part... Read More

China, U.S. sign initial trade pact but doubts and tariffs linger

WallStreetReview
China, U.S. sign initial trade pact but doubts and tariffs linger
BEIJING/WASHINGTON (Reuters) – China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world stock market indexes climbed to record highs after the deal... Read More

Concerns linger after U.S. and China sign initial trade deal

WallStreetReview
Concerns linger after U.S. and China sign initial trade deal
BEIJING/WASHINGTON (Reuters) – China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world stock market indexes climbed to record highs on news of... Read More

Doubts linger after U.S. and China sign initial trade deal

WallStreetReview
Doubts linger after U.S. and China sign initial trade deal
BEIJING/WASHINGTON (Reuters) – China will boost spending on U.S. products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved. Beijing and Washington touted the “Phase 1” agreement as a step forward after months of stop-start talks,... Read More

U.S. and China tiptoe around holes in new trade agreement

WallStreetReview
U.S. and China tiptoe around holes in new trade agreement
WASHINGTON (Reuters) – The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted the “Phase 1” agreement as a step forward after months... Read More

China to ramp up U.S. buys under trade deal, but skeptics question targets

WallStreetReview
China to ramp up U.S. buys under trade deal, but skeptics question targets
WASHINGTON (Reuters) – China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, though some U.S. trade experts call it an unrealistic target. Under the trade deal to be signed on Wednesday in Washington, China would also buy... Read More

Phase 1 commodity targets likely more than China can chew: analysts

WallStreetReview
Phase 1 commodity targets likely more than China can chew: analysts
BEIJING/SINGAPORE (Reuters) – Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal. FILE PHOTO: Soybeans fall into a bin as a trailer is filled at a farm in Buda, Illinois, U.S., July 6, 2018. REUTERS/Daniel Acker China... Read More

China to ramp up U.S. car, aircraft, energy purchases in trade deal: source

WallStreetReview
China to ramp up U.S. car, aircraft, energy purchases in trade deal: source
WASHINGTON (Reuters) – China has pledged to buy nearly an additional $80 billion of manufactured goods from the United States over the next two years, plus over $50 billion more in energy supplies, according to a source briefed on a trade deal to be signed on Wednesday. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during... Read More