Trade Bust? Stocks Sink As China Won’t Increase Grain Import Quotas Despite Promise To Buy More

China has pledged to increase more purchases of U.S. farm goods but never confirmed the exact amount for the phase one trade agreement.

Han Jun, the vice-minister of agriculture and rural affairs, was quoted by Caixin on Tuesday as saying Beijing won’t increase its annual import quotas for wheat, corn, and rice, reported Reuters.

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