The United States on Thursday welcomed China's promise to buy agricultural ...
On the U.S. side, Trump aides are considering an interim trade deal that would delay or even roll back some tariffs in exchange for commitments on intellectual property and agricultural purchases, Bloomberg News reported.Speaking at a weekly news briefing in Beijing on Thursday, Chinese Commerce Ministry spokesman Gao Feng said China welcomed the U.S. delay to its schedule tariff hike on billions of dollars worth of Chinese goods.
Possible purchases of U.S. farm goods included pork and soybeans, Gao said, both of which are still subject to hefty Chinese duties. In July alone, the United States exported about 3,000 containers, or almost 61,000 tonnes of pork, as buyers stepped up purchases amid a huge shortfall in China due to a massive outbreak of African swine fever that has driven prices to record levels.
China reduced purchases of U.S. farm products in August after Trump vowed to impose new tariffs on around $300 billion of Chinese goods, dimming prospects of a deal.
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