In U.S.-China talks, Beijing's refusal to spell out farm buys is big sticking point

Reuters | October 30, 2019

In U.S.-China talks, Beijing's refusal to spell out farm buys is big sticking point
U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations. Trump has said publicly that China could buy as much as $50 billion of U.S. farm products, more than double the annual amount it did the year before the trade war started. U.S. officials continue to push for that in talks, while Beijing is balking at committing to a large figure and a specific time frame. Chinese buyers would like the discretion to buy based on market conditions.

Spotlight

Since fiscal 2014, about 71 percent of the governmentwide information technology budget has been spent on federal contracting. At that rate, Bloomberg Government expects a slight dip in IT spending to $58 billion in fiscal 2018 from $59 billion in fiscal 2017 and an increase to $60 billion in fiscal 2019.

Spotlight

Since fiscal 2014, about 71 percent of the governmentwide information technology budget has been spent on federal contracting. At that rate, Bloomberg Government expects a slight dip in IT spending to $58 billion in fiscal 2018 from $59 billion in fiscal 2017 and an increase to $60 billion in fiscal 2019.

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