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U.S., China trade truce 1/3 over

Farmers and ag groups are nervous the U.S. and China won’t agree to a long-term deal ahead of a self-imposed deadline.

President Trump announced at the end of the G20 Summit he and Chinese President Xi would halt the trade war for 90 days in hopes of reaching an agreement.

The Summit was a month ago, meaning that window is now a third of the way closed.

American Soybean Association vice president Bill Gordon.

“The worst thing that can happen is we roll product and have product in the ocean on the way over (to China), 90 days comes (and) we don’t have a deal or anything in the works and all of a sudden our boats are being diverted to other markets.  That would renege all the good that we’ve done in these markets now.”

Gordon grows corn and soybeans in southwest Minnesota.

 

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