Prices Will Dictate China Agriculture Buying, U.S. Adviser Says
- ‘These are business people,’ Tom Kehoe says of Chinese buyers
- Details of safeguards to be released in next few days, he says
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Chinese buying of American farm products will be determined by how competitive they are and not just by estimates laid out in an initial trade accord, according to a U.S. trade adviser.
While the Asian nation has pledged to buy $80 billion in U.S. agricultural products in the next two years, purchases probably will be attuned to market conditions, said Tom Kehoe, an adviser to the U.S. Department of Agriculture and and U.S. Trade Representative.