Press "Enter" to skip to content

China, US officials to meet next week, Chinese firms have begun inquiring about US agriculture purchase


China’s vice premier Liu He said on Thursday Chinese and US officials will meet next week to discuss topics including trade balance, market access and investor protection, according to the official Xinhua news agency.

China’s Ministry of Commerce said on Thursday that Chinese firms have began to inquire about prices for US agricultural products purchases, in a sign of a potential de-escalation of trade tensions between the world’s two largest economies.

“According to my understanding, Chinese firms have started to inquire about prices for U.S. agricultural goods. (China) hopes both sides would continue to meet each other half way and adopt concrete actions to create favorable conditions for negotiations,” said Gao Feng, spokesman of the ministry.

Possible purchases of US farm goods included pork and soybeans, Gao said, both of which are still subject to hefty Chinese duties.

Gao said working-level teams from both countries will meet soon to prepare for the next round of top-level talks between Chinese Vice Premier Liu He, and U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

On Wednesday, US President Donald Trump said the US government had agreed to delay hiking tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15 “as a gesture of goodwill.” The tariffs were set to increase to 30% from 25% on the goods. That came after China unveiled a list of 16 types of US products that will be exempted from retaliatory tariffs.

The two sides’ concession comes ahead of a meeting between leading US and Chinese trade negotiators in Washington scheduled in early October, although the specific data has yet to be announced.

Related Post

China, US had “constructive” phone tal... Chinese and American trade negotiators held a “constructive” phone talk on Tuesday, White House economic adviser Larry Kudlow said, marking a new roun...
Chinese working-level trade team to visit Washingt... Chinese working-level trade officials are scheduled to travel to the US this Wednesday to pave the way for a meeting of top negotiators in October, Ch...
China confirms recent purchase of US pork, soybean... China has bought a “considerable” amount of soybeans and pork from the United States ahead of high level talks, confirmed the Ministry of Co...
China, US confirmed face-to-face trade talks early... China and the United States have agreed to hold high-level face-to-face trade talks in early October in Washington, China’s commerce ministry said on ...
China and US sign phase one trade deal US President Donald Trump and Chinese Vice Premier Liu He signed a phase one trade deal at the White House Wednesday morning, ending a nearly two-yea...