Purchases are Real China's Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer spoke last night, and the result is bullish the market. While both sides recommitted to the Phase One trade deal the bullishness is the result of stepped up Chinese purchasing and what appears to be a real commitment to it. Reuters quotes an unnamed agricultural trader from a China state-owned company saying, “they think we are going to keep buying from the U.S., at least before the election takes place. And we will." The phone call also involved China’s efforts on structural changes such as protecting intellectual property rights and ending impediments and forced technology transfers but it is the purchasing of U.S.-made goods that i...

TAGS – China, North America