New York- Seven months after the United States and China signed a preliminary agreement to temper their trade war, Beijing’s purchases of US agricultural goods have yet to reach the deal’s target. As President Donald Trump readies for a tough reelection battle in November, US media reported the two sides are set to meet beginning August 15 to discuss the deal, which calls for China to sharply increase buying American goods and services this year and next. But according to data compiled by the Peterson Institute for International Economics (PIIE), Chinese agricultural purchases at the end of June were far from where they should be at this point in the year. They had reached only 39 percent of their semi-annual target, according to US figures, or 48 percent, based on Chinese figures. “If we get back to what the level of trade was in 2017, we’ll be lucky,” said Chad Bown, a PIIE senior fellow who authored the study, referring to the year before the trade war began. Under the deal’s terms, China agreed to increase agricultural imports $32 billion over the next two years from 2017 levels.

 Chinese orders for corn and soybeans have increased since mid-July, with Beijing buying just over three million tonnes of American oilseeds between July 14 and August 7, according to US Department of Agriculture data. At the end of July, the United States reported the largest-ever daily order by China for its corn, of 1.9 million tonnes. The announcements were a relief to US farmers, who are expecting a bumper crop this year and need to find buyers to take it. They also came at a time of high political tension between the two countries, after the Trump administration authorized sanctions against several Hong Kong leaders over the rights crackdown in the city, and restrictions on Chinese apps WeChat and TikTok. The Chinese “realize we’re not being the best of buddies right now, but they need the products and they’re gonna take as much as they need,” said Jack Scoville, agricultural market analyst for Price Futures Group. It’s possible that Beijing will change its orders from buying this year’s harvest to next year’s. But analysts warn that any orders could be called off before the ships carrying them leave port. Brazil and Argentina, two of the world’s largest soybean and corn producers, are starting their harvests next spring, said Brian Hoops, president of the brokerage firm Midwest Market Solutions. China “could cancel all these purchases they made in July and buy at much cheaper prices if that’s available to them,” Hoops said.