St. Louis, Missouri — Reports of a partial agreement came late Friday after a week of meetings between the Trump Administration and Chinese officials.

The American Soybean Association issued a statement Saturday, saying they’re hopeful this “Phase 1” agreement will signal a deescalation in the ongoing U.S.-China trade war.

The Soybean Association says while it’s good news to hear the U.S. and China have reached a partial agreement in this conflict, the ASA is still awaiting additional information on the initial agreement, and the potential impact on U.S. soy growers. The statement went on to say the ASA remains hopeful this is a step toward rescinding the tariffs and helping restore certainty and stability to the soy industry.

 

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