President Donald Trump says he’s still confident the U.S. and China can reach a deal to end the trade war, but talks have all but collapsed, both sides are threatening even more or steeper tariffs and the U.S. is scrambling to protect farmers with more aid.
China may agree to buy more U.S. agriculture commodities and lift onerous trade barriers in the ongoing talks, but unless negotiators can agree on an effective way to make sure the Chinese live up to their promises, any final deal would be worthless.
China agreed to buy an additional 10 million metric tons of U.S. soybeans as negotiators from both countries agreed to extend the latest round of trade talks to go through the weekend, a sign that significant progress is being made to end the trade war, President Donald Trump said Friday.
China needs rice imports, U.S. farmers are anxious to sell more rice and it might not be long before the countries are doing business after more than 20 years of haggling over details of opening up trade.
U.S. negotiators are on their way home from Beijing, but the exhaustive negotiations to try to end the U.S.-China trade war will continue almost immediately next week in Washington D.C., the White House announced today.
U.S. and Chinese negotiators are in Beijing this week trying to strike agreements to end the countries’ trade war, but the damage has already been done for the U.S. ag sector and farmers say some of it is irreversible.
President Donald Trump told reporters Thursday he doesn’t expect to be able to meet with Chinese President Xi Jinping before the trade war between the two countries escalates at the beginning of March.