Trump tells farmers to buy new John Deere tractors after reaching trade deal with China
Added 10-20-19 08:22:02pm EST - “President Trump is telling farmers to buy new John Deere tractors, as China commits to purchasing $40 billion to $50 billion in farm purchases. But the heartland is in wait-and-see mode, bruised by a roller coaster trade war and anxious…” - Washingtontimes.com
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President Trump is telling farmers to buy new John Deere tractors, as China commits to purchasing $40 billion to $50 billion in farm purchases. But the heartland is in wait-and-see mode, bruised by a roller coaster trade war and anxious to see whether Asian buyers stick to the fluid agreement.
The administration and a Chinese delegation announced a “phase one” deal about a week ago, giving Mr. Trump a chance to crow about a win for farmers who backed him in 2016 but have seen their Chinese markets for soybeans and other crops crater.
Mr. Trump said he drove a hard bargain by insisting that the Chinese buy more than double the $20 billion in purchases they’re accustomed to — even if farmers struggle to keep up with the demand.
“I said tell them to go out and get bigger tractors, right?” he told supporters in Texas. “Only American tractors. We only buy American tractors. Go out and get bigger!”
Yet farmers are used to hearing big promises, only to see another ripple in talks. The Chinese have been reluctant to cite the $50 billion number, explicitly, saying they’re eager to buy U.S. products but that their involvement should be driven by market needs.
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