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U.S., CHINA TO SIGN PHASE ONE TRADE AGREEMENT TODAY
Oklahoma Farm Radio Network reports:

The day has arrived for President Donald Trump to sign his Phase One Trade Deal with China's Vice Premier Liu.

For agriculture- the number that has been kicked around is $32 billion agriculture increase over 2017 levels- which was confirmed by Myron Brilliant, a senior U.S. Chamber of Commerce official, who spoke to reporters on Monday in Beijing. That would be an increase of about $16 Billion a year in 2020 and 2021.

When combined with the $24 billion U.S. agricultural export baseline in 2017, the total gets close to the $40 billion annual goal touted by U.S. President Donald Trump.

The overall numbers are expected to be announced at Wednesday's White House signing ceremony between Trump and Chinese Vice Premier Liu He and represent a staggering increase over recent Chinese imports of U.S. manufactured goods.

A U.S. trade source says that the phase one trade text will be posted online on the U.S. Trade Representative website the "moment" the agreement is signed on Wednesday.

There was a state dinner last night for the Chinese delegation- with a lunch planned for the parties after the signing today.


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