China Tariffs

Under the phase one U.S.-China trade agreement, Beijing has agreed to buy between $40 billion and $50 billion in American agriculture -- roughly 25 percent of overall purchases, the secretary of agriculture said.

Top level U.S. and Chinese officials convene in Washington to sign a vastly important trade agreement that will be "quite a spectacle," FOX Business' Stuart Varney argued in his latest "My Take."

The signing of the phase one deal de-escalates the more than 22-month long trade war.

U.S. sources have told FOX Business the additional purchases will total $205 billion to $210 billion over two years.

According to the Farm Bureau, Wisconsin farmers can use relief from the trade wars.

Although agriculture has been getting the most attention, these other three sectors will benefit from China deal, USDA trade adviser Tom Kehoe said.