ADADThe widely expected move comes as China is paralyzed by the coronavirus, which has infected more than 28,000 people in the mainland and killed more than 560. “Reducing tariffs and importing more food from the U.S. makes a lot of sense for the Chinese. Poultry farmers in Hubei province, the center of the coronavirus outbreak, said last week they were “very distressed” about the situation in a letter to the China Animal Agriculture Association. New sales for American farmers alone are expected to near $40 billion in the first year, up from $24 billion. The deficit with China fell $73.9 billion to $345.6 billion last year.

Source: Washington Post February 06, 2020 14:00 UTC