Trump gloats that more food will be sold amid trade war with China

New York Post 2 days ago

President Trump gushed about his trade deal with China — and boasted that so much more food will be sold that US farmers will have to step things up to meet the demand.

“WOW, the Farmers really hit pay dirt!” Trump tweeted Saturday about the interim trade agreement, a potential breakthrough in the 15-month trade war between the two economic behemoths.

“In fact, there is a question as to whether or not this much product can be produced,” Trump said.

Under the deal, China will buy up to $50 billion worth of American agricultural products a year, nearly three times the previous high of $17 billion.

That could ease the burdens facing American farmers — a pillar of Trump’s political base — and relieve Chinese shortages of pork and other staples.


Source link
Read also:
The New York Times › Finance › 4 days ago
President Trump will meet with China’s top trade negotiator at the White House Friday amid growing expectations that the two countries could announce a limited agreement that would lower tensions in the trade war
Reuters › 4 days ago
The Port of Los Angeles, the busiest for ocean trade with China, processed fewer containers of imported goods in September as the prolonged U.S.-China trade war whipsaws global trade.
Reuters › 3 weeks ago
A trade adviser to Donald Trump has said the U.S. president is ready to escalate the ongoing trade war with China if a trade deal is not agreed soon, the South China Morning Post reported on Thursday.
Business Insider › Lifestyle › 3 days ago
A mansion on San Francisco's Gold Coast is on the market for $39 million. If it's sold at the asking price, it will tie the record for San Francisco's most expensive home ever sold. The mansion is being sold by Michael and Xochi Birch, a tech industry...
Business Insider › Finance › 4 days ago
Chains like Chick-fil-A, McDonald's, and Burger King are constantly battling for the title of best food in the industry. Business Insider asked more than 3,000 people who read our fast-food coverage which chain has the best food. Chick-fil-A and In...
Business Insider › Politics › 2 weeks ago
GOP primary challengers Joe Walsh and Bill Weld slammed President Donald Trump's handling of the economy on Tuesday at Business Insider's debate, particularly his ongoing trade war with China. "Mr. Trump thinks that when he slaps a tariff on China, its...
Raw Story › 4 hours ago
Saying China has promised to buy up to $50 billion in US agricultural products, President Donald Trump is encouraging American farmers to prepare for a major influx of business. But after months of losses and uncertainty amid the trade war Trump...
CNBC › 6 days ago
Stocks in Asia were set to trade lower on Wednesday amid mounting uncertainty on the U.S.-China trade front ahead of expected high level negotiations between the two economic powerhouses later this week.
The Daily Beast › 3 days ago
The question from a reporter to President Donald Trump on Friday night was, “Did you or your administration pressure Fox News to get rid of Shepard Smith?” Trump did not answer directly, but rather took the opportunity to gloat over his least...
Business Insider › 3 weeks ago
The Trump administration started a trade dispute with China in early 2018, in an attempt to address practices it said put US companies at a disadvantage. The two sides have since slapped steep tariffs on thousands of products and threatened further...
Sign In

Sign in to follow sources and tags you love, and get personalized stories.

Continue with Google
OR