Will US-China trade deal hurt Aust ag?

Will US-China trade deal hurt Aust ag?

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In January, the US achieved a remarkable coup with China, locking down a bilateral goods and services export deal potentially worth almost $400 billion by next year.

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Although it didn't hold the headlines for long back in January when much of rural Australia was battling bushfires or ongoing drought, the United States achieved a remarkable coup with China, locking down a bilateral goods and services export deal potentially worth almost $400 billion by next year.

The agricultural component of the deal alone commits China to buying more than $US40b in commodities from President Trump's rural support base.

That's double what the Chinese were importing from the US three years ago before US-China trade relations descended into a war of words and tariff barriers which both nations are now apparently aiming to repair.

While Australia has enjoyed booming farm export sales to China now worth $12b-plus - more than double their 2016 value - trade analysts expect some commodity sectors will find Chinese importers growing harder to predict and less interested in Aussie product.

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