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The Economic Times

Global Business / The Economic Times

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What do China's new US farm purchases mean for global trade? | An explainer

China will purchase over $17 billion in US farm goods yearly for three years. This deal boosts agricultural trade significantly. Purchases will include wheat, corn, meat, cotton, and timber. Rival suppliers like Brazil and Australia may see reduced exports. This agreement aims to expand trade between the two nations.

18 May 2026 1:52 pm