20 Dec 2019 --- The US and China have set out terms for a “historic and enforceable” agreement on a “Phase One” interim trade deal that ostensibly would roll back tariffs and re-open the lucrative Chinese market for US agriculture. Given the reinvigorated trade climate, Chinese purchases of US agricultural goods are expected to hit US$40 to 50 billion over the next two years, according to Robert Lighthizer, United State Trade Representative (USTR). These figures are notably higher than the US$8.6 billion the country bought last year and double what it bought in 2017 prior to the trade dispute.