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What The Trump Administration’s Trade Deal With China Could Mean For American Farmers

Chip Somodevilla/Getty Images

Anders Hagstrom White House Correspondent
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President Donald Trump has promised American farmers that China will start buying as much as $50 billion worth of farm goods in the latest round of trade talks between the two global superpowers.

During the early 1990s, China imported roughly $1 billion in farm goods from the U.S., but that number surged to nearly $26 billion as the country’s population surged and demand increased, according to the Associated Press. The Trump administration has signaled that China would ramp up its agricultural purchases to at least $40 million or even as high as $50 million by next year, a promise some farmers are taking with a grain of salt.