Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Trump's attempt to force feed China U.S. farm products stymies trade talks
Source: Reuters
BUSINESS NEWS OCTOBER 30, 2019 / 12:39 AM / UPDATED 4 HOURS AGO
Trump's attempt to force feed China U.S. farm products stymies trade talks
Heather Timmons, Hallie Gu
4 MIN READ
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
Trump has said publicly that China could buy as much as $50 billion of U.S. farm products, more than double the annual amount it did the year before the trade war started.
U.S. officials continue to push for that in talks, while Beijing is balking at committing to a large figure and a specific time frame. Chinese buyers would like the discretion to buy based on market conditions.
“China does not want to buy a lot of products that people here don’t need or to buy something at a time when it is not in demand,” an official from a Chinese state-owned company explained.
-snip-
Trump's attempt to force feed China U.S. farm products stymies trade talks
Heather Timmons, Hallie Gu
4 MIN READ
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
Trump has said publicly that China could buy as much as $50 billion of U.S. farm products, more than double the annual amount it did the year before the trade war started.
U.S. officials continue to push for that in talks, while Beijing is balking at committing to a large figure and a specific time frame. Chinese buyers would like the discretion to buy based on market conditions.
“China does not want to buy a lot of products that people here don’t need or to buy something at a time when it is not in demand,” an official from a Chinese state-owned company explained.
-snip-
Read more: https://www.reuters.com/article/us-usa-trade-china-agbuys/in-u-s-china-talks-beijings-refusal-to-order-farm-buys-becomes-pain-point-idUSKBN1X90BW
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
