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The second and third installments will be "evaluated as market conditions and trade opportunities dictate" and will be made in November and early January, he said.
Nancy Pelosi 'does not understand' trade deal to help farmers, Donald Trump says →
U.S. Agriculture Secretary Sonny Perdue said that the first of three payments is likely to be made in July or August and suggested that the U.S. and China were unlikely to have settled their differences by then.
Trade impasse: Trump pledges $16B to farmers; markets slump →
