Trade Update Perdue
As you've heard China has told it's state controlled importers not to buy any agricultural products from the United States.
What's next? Will there be more federal assistance to US farmers struggling with the trade and tariff standoffs?
US Agriculture Secretary Sonny Perdue was asked about another market facilitation program during an annual Farmfest in Minnesota..and he was later asked if talks with China will resume at some point.
Beijing signaled it could curb sales of chemicals known as rare earths that are used in everything from iPhones to military equipment.
Reuters reports White House officials still expect Chinese negotiators to come to Washington in September for talks, and that the latest tariffs could still be averted if the world's two largest economies make progress on a trade agreement.
Goldman Sachs said it no longer expects the United States and China to reach agreement before the November 2020 presidential election .