Tuesday, May 22, 2018

China, U.S. reach trade truce

China and the United States have reached a trade truce agreement that President Donald Trump says it good news for farmers.

He said they can produce as much as they want now that China has lifted its trade restrictions on pork and soybeans.

That is not only good news for U.S. farmers, but also Canadians because prices for both countries move together.

However, it also means that Chinese buyers will no longer be quite so keen about buying Canadian pork and soybeans to fill the gap when they weren’t buying from the U.S.