China says firms have started inquiring about U.S. agri buys

China says firms have started inquiring about U.S. agri buys

"There's no easy or hard", Trump said.

With a huge market, China is a promising destination for high-quality United States agricultural products. "We're hopeful we'll make progress".

The Commerce Ministry's announcement on Friday follows a move earlier this week to exempt a range of American goods from 25 per cent extra tariffs put in place past year, as the government seeks to ease the impact from the trade war.

The American Chamber of Commerce in Shanghai said just 47 percent said they expected to increase their investments in China in 2019 - down from 62 percent a year ago - while three-quarters of businesses surveyed said they opposed the use of punitive tariffs by the United States to force China into a trade deal. "So, this isn't about just selling them soybeans, but we want to sell them soybeans", Mnuchin said.

Donald Trump has said the planned increase in China tariffs next month has been delayed two weeks as a "as a gesture of good will".

Chinese importers are asking United States suppliers for prices of soybeans, pork and other farm goods, he said. Trump said on Twitter Thursday that China is expected to buy "large amounts of our agricultural products!" Trump tweeted early Thursday.

The US and China beget slapped import taxes on hundreds of billions of bucks' price of each diverse's products in a tariff battle that has weighed on world trade and financial enhance and created uncertainty for corporations deciding where to situate factories, receive suppliers and sell their products.

The disclosure came out shortly after the U.S. announced it will delay additional tariff hikes on Chinese goods.

Deputy trade negotiators are due to meet in Washington in mid-September, with minister-level talks to follow in October.

"I think they did the right thing, but good for them", Trump said at the White House. He told CNBC that Trump was prepared to keep or even raise tariffs on Chinese imports and that Beijing had asked for more concessions beyond the removal of tariffs.

Beijing has hit back with tariffs ranging from 5% to 25% on U.S. goods.

Polls show the trade war is not popular with many voters and farmers are increasingly angry over depressed commodity prices.

The administration could face challenges selling a limited agreement on Capitol Hill that doesn't address all structural issues, especially as concerns grow in Washington about the possibility of a harsh crackdown on pro-democracy protests in Hong Kong.

Reducing America's soaring trade deficit with China has always been a principal aim in Trump's trade battle with Beijing, but so far it has not led to a reduction in the trade imbalance.

While welcoming China's overtures, US Treasury Secretary Steven Mnuchin sought to temper optimism in markets that the gestures might lead to a trade deal.

China has largely turned to South America for soybeans since the trade war began.

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