Beijing halts U.S. agriculture purchases as trade war with Washington escalates: Report
- 5 years ago
China has reportedly halted imports of American agricultural goods,... in response to President Trump's latest tariff increase proposal.
According to a report by Bloomberg Monday,... the Chinese government has asked its state-owned enterprises to suspend purchases of U.S. agricultural goods.
Sources also say privately-run Chinese crushers that received retaliatory-tariff waivers on American soybeans from Beijing have stopped purchasing the commodity due to the ongoing uncertainties.
This comes as President Trump announced last week plans to slap 10-percent tariffs on the remaining 300-billion dollars in Chinese imports.
He accused Beijing of not following through with its pledge to resume purchases of American farm products.
According to a report by Bloomberg Monday,... the Chinese government has asked its state-owned enterprises to suspend purchases of U.S. agricultural goods.
Sources also say privately-run Chinese crushers that received retaliatory-tariff waivers on American soybeans from Beijing have stopped purchasing the commodity due to the ongoing uncertainties.
This comes as President Trump announced last week plans to slap 10-percent tariffs on the remaining 300-billion dollars in Chinese imports.
He accused Beijing of not following through with its pledge to resume purchases of American farm products.