On Friday, President Donald Trump announced ‘phase one’ of a trade deal with China. “It’s always positive news when leaders from the U.S. and China can get together and talk trade,” says American Soybean Association Vice President Bill Gordon. The Worthington, Minnesota farmer says both countries have a lot to gain from a trade deal. “With tariffs in place, it makes us noncompetitive in the world market. So we need to break down these trade barriers and move forward.” The soybean market hasn’t has a lot of credibility or stability as of late. Gordon says that’s another reason why it’s time to deescalate this trade war. “There is plenty of supply right now, but there are a lot of weather problems unfolding this year. We need to get these markets stabilized and get international trade working positively for the American farmer.” Trump and Chinese President Xi may be able to finalize this agreement at the Asia-Pacific Economic Cooperation Summit next month in Chile.
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