WHY PORK PUSHED CHINA TO A DEAL WITH TRUMP
Last Friday (10/11), U.S. President Trump and China’s Vice Premier Liu He announced a trade agreement that saw Washington suspend tariff increases while China agreed to purchase some $40-$50 billion of agricultural products, including pork.
Behind this development, the financial markets rallied; the Dow Jones rose some 320 points or 1.21 percent. Trump billed the agreement as “phase one” of a broader trade agreement, but behind the soaring rhetoric belies a key motivation for the deal:
The Chinese need pig imports. Big time. Here’s why – and why Trump’s timing for making a deal is impeccable.













