(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The pledges China and the U.S. made to keep prospects alive for a comprehensive trade deal did little to alter the deteriorating growth outlooks for both countries because they were sealed with something economists don’t trust: a handshake.China agreed Friday to more than double its annual purchases of American agricultural products to as much as $50 billion — providing a political shot in the arm to a rural constituency that’s key to President Donald Trump’s 2020 re-election bid more than …read more
Source:: Yahoo Finance
