U.S. Adviser: Prices Will Dictate China Agriculture Buying

Chinese buying of American farm products will be determined by how competitive they are, writes Marvin Perez at Bloomberg, 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 USDA and a U.S. Trade Representative.

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“These are business people,” Kehoe said Tuesday in an interview at Bloomberg headquarters in New York. “They are going to have to be in a competitive situation. Otherwise, they are not going to buy it.”

Continue reading at Bloomberg.

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