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Home / Mike Norman Economics / China to buy $50 billion in U.S. farm products in return for tariff concessions-U.S. sources — Jeff Mason, Andrea Shalal, David Lawder

China to buy $50 billion in U.S. farm products in return for tariff concessions-U.S. sources — Jeff Mason, Andrea Shalal, David Lawder

Summary:
Nothingburger. DJT folded in face of economic consequences in an election year. He is a shoe-in in 2020 unless the economy tanks. The Democrats have nothing (but Bernie and they are not going to run him).  But this is hardly the end of it. The US is still fully committed to stopping China's rise, which is an impossibility.ReutersChina to buy billion in U.S. farm products in return for tariff concessions-U.S. sourcesJeff Mason, Andrea Shalal, David Lawder

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Nothingburger. DJT folded in face of economic consequences in an election year. He is a shoe-in in 2020 unless the economy tanks. The Democrats have nothing (but Bernie and they are not going to run him). 

But this is hardly the end of it. The US is still fully committed to stopping China's rise, which is an impossibility.

Reuters
China to buy $50 billion in U.S. farm products in return for tariff concessions-U.S. sourcesJeff Mason, Andrea Shalal, David Lawder

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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