Trump's hailing of $50 billion in Chinese farm purchases seen as 'meaningless'

[Eugene]

Source: Reuters

BUSINESS NEWS OCTOBER 14, 2019 / 3:42 AM / UPDATED 7 HOURS AGO

Trump's hailing of $50 billion in Chinese farm purchases seen as 'meaningless'

Dominique Patton
5 MIN READ

BEIJING (Reuters) - China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles.

Outlining the first phase of a deal to end a trade war with China, U.S. President Donald Trump on Friday lauded his counterparts for agreeing to make purchases of $40 billion to $50 billion in U.S. agricultural goods.

That would be double the $24 billion China spent on American farm goods in 2017.

But Darin Friedrichs, senior Asia commodity analyst at brokerage INTL FCStone in Shanghai, threw cold water on the pledge.

“I think it’s a meaningless big number, thrown out to get headlines, and won’t happen,” Friedrichs told Reuters.

-snip-

Read more: https://www.reuters.com/article/us-usa-trade-china-agriculture/trumps-hailing-of-50-billion-in-chinese-farm-purchases-seen-as-meaningless-idUSKBN1WT0TG

[Newest Reality]

1. Hmmm...

It has occurred to me that we, in this country have observed dictatorships in other countries, but now, we are getting to see the show from the inside.

I am just speculating, but I guess it might be about the whole country being absorbed into the extreme delusions of one person who is trying to make them the reality for everyone.

Absorbing.

[Wellstone ruled]

2. So Bloomberg a few minutes ago

run this,China says it needs further meetings with Trump before they agree to any Trade Deals.

If there was any truth to a Commodity Buy,the Rails would have popped big time on the Markets today.

[leftyladyfrommo]

3. What a surprise. Fool me once, shame on me. Fool me 50 times and I get what I deserve.

Although I come a farming area and I support the farmers here. But, God, they should have figured out that Trump is just one lie after another after another by now.

[kacekwl]

4. So, he's a liar.

Suck it up dopes.