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Trump hails paydirt for farmers from his China and USMCA deals – msnNOW

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President Donald Trump championed a pair of trade victories at a farm convention Sunday in Austin, Texas.

“The two momentous trade deals we completed last week are just the beginning of a really incredible story,” Trump said in a speech to the American Farm Bureau Federation’s annual meeting.

Earlier, tweeting as he prepared to travel to Texas from Florida, the president said farmers “hit ‘paydirt’ with our incredible new Trade Deals.”

Related video: Trade Deal Brings Relief, but There Are Skeptics (provided by The Wall Street Journal)


Trump is hoping that his “phase one” deal with China — finalized in a White House signing ceremony last week — and a renegotiated pact governing trade with Canada and Mexico that the Senate passed on Jan. 16 can buoy him with farmers, who have borne the brunt of the president’s trade wars.

Under the deal negotiated with Beijing, China pledged to buy at least $32 billion in additional U.S. agricultural products over the next two years. The Chinese said they would “strive” for another $10 billion in agricultural purchases, but warned those sales would be dictated by…



Read More: https://www.msn.com/en-us/money/markets/trump-hails-paydirt-for-farmers-from-his-china-and-usmca-deals/ar-BBZ7R5W?li=BBnbfcN

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Source: https://www.msn.com/en-us/money/markets/trump-hails-paydirt-for-farmers-from-his-china-and-usmca-deals/ar-BBZ7R5W?li=BBnbfcN

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