USDA chief says U.S. working to diversify ag trade away from China

WASHINGTON (Reuters) – U.S. Agriculture Secretary Sonny Perdue said on Thursday that the United States “probably made a mistake’ becoming too trade dependent on China, and that the administration was pursuing new trade deals elsewhere.

“We probably made a mistake in becoming too dependent on the China market,” he said in remarks to the fall forum of North American Meat Institute (NAMI).

“There’s a hungry world out there besides Canada, besides, China, and we’re pursing that,” he added, saying the administration was pursuing new agreements with the European Union and India, among others.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.