More Massive, Meaningful There are still problems interpreting the meaning of the China-U.S. trade truce announced this past weekend as well as questions of substance and about durability. President Trump said there would be “massive” increases in Chinese purchases while the joint statement describes “meaningful increases.” Treasury Secretary Steve Mnuchin said the U.S. expects to see 35-40 percent growth in agricultural exports to China for this year alone. But is that in volume or value terms, and which commodities or products? President Trump says exports will be “practically as much as our Farmers can produce.” However, would that mean increased U.S. exports of soybeans to China and then U.S. import...