It has been over a year since the opening salvos were launched in the trade war with China. In this time, we have seen agriculture producers take it square on the chin. The uncertainty in trade was one of the main catalysts in the decline of market values in commodities.
On Friday, we received word that a partial deal had been reached. According to the Administration this deal will immediately relieve $4.3 billion in tariff relief on fruits, vegetables, meats, grains, and ethanol.
Treasury Secretary Steve Mnuchin called the two days of meetings productive and was hopeful as the President met with Vice Premier Liu He.
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