Trade economist says U.S., China likely won’t reach deal soon
A trade economist says he doesn’t expect the U.S. and China to reach an agreement anytime soon, even with optimism from President Trump and the jump in soybean futures on Thursday.
Ian Sheldon is with Ohio State University.
“We have an expression in England that the proof of the pudding is in the eating- we don’t know how good the pudding is until we’ve tried it,” he says. “Until I see an actual agreement to ratchet back the trade war this is short term optimism on the part of the stock market.”
He tells Brownfield trade agreements typically take years to complete.
Trump and Xi are planning to meet at the G20 summit later this month.
Sheldon spoke to Brownfield at the OSU ag and policy conference in Columbus, Ohio.
Audio: Ian Sheldon, Ohio State University