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Trump touts on-track China farm sales, but other products have gone off-road

Ags - Grains/Beans 249 Ags - Meat/Dairy 203 China 2600 Consumer Staples 622 Elections 105 Energy - Crude Oil 264 Energy - Natural Gas 124 Energy - Refined Oil 185 Health Care 257 Trade Balance 866 U.S. 4625

The U.S. Trade Representative has published a report that shows China has already completed 71% of its farm goods commitments under the phase 1 trade deal. That shouldn’t be a surprise given farm goods imports were 71.1% higher in the month of August than the same period for 2017 though the USTR data includes forward sales as well. The timing of the report is likely part of the Trump administration’s re-election campaign. It shows both the President’s trade deal-making track record as well as demonstrating the results of a tough-on-China stance. While farm sales to China have improved, t...

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