The U.S. and China trade deal marks the beginning of a major shift in the global market of agriculture.
Phase one of the U.S.-China trade deal was officially signed last week by President Trump and China’s Vice Premier Liu He. While some view this signing as a small step for U.S. and China’s trade relations, it’s a step nonetheless towards resolving an 18-month long economic conflict between these two global economic powerhouses. In this article we will discuss the following:
- How and why a trade war between the U.S. and China occurred;
- What significant changes happened in the signing of phase one;
- How it affects U.S. agriculture and commodities; and
- Predictions on what to expect next.