U.S.–China Implications Some reports indicate a U.S.–China trade deal will be announced by the end of next week. Acting White House Chief of Staff Mick Mulvaney had a potentially worse message for U.S. agriculture, saying the administration is prepared to walk away from the talks if an agreement doesn’t come soon. The trade war has already changed the trajectory of goods produced and traded. Beijing has greatly boosted its investments in agriculture following the imposition of import barriers against American farm products. It made similar increases in its semiconductor capabilities due to restricted access by the West and now competes directly with U.S. makers. AgFunder says agrifood startups in China raised $5.8 billio...