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Monday, July 27, 2020

Trump Warns China Trade Deal Means Less to Him Now

President Donald Trump Thursday remarked during a briefing on the COVID-19 situation that the U.S.-China Phase One trade deal “means less to me now than it did when I made it. It just means much less to me, can you understand that?”

Earlier this week, Trump had touted the recent corn sales to China as a notable development. This does not necessarily mark a shift with Trump who has stepped up his negative comments on China in recent weeks.

And, China has continued to purchase U.S. ag goods with announcements of daily sales taking place and additional purchases confirmed in the Weekly Export Sales report.

The harsh rhetoric from both sides in their diplomatic disputes has not yet led to China halting its purchases or pulling out of the Phase One agreement.