China says firms have started inquiring about U.S. agri buys
BEIJING - Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, Beijing said on Thursday, in a further sign of potential de-escalation in the bitter and protracted trade war between the world’s two largest economies.
On Wednesday, Beijing and Washington both made concessions on planned tariffs, helping lift global stocks as well as China’s yuan currency. Possible purchases of U.S. farm goods included pork and soybeans, Gao said, both of which are still subject to hefty Chinese duties. China reduced purchases of U.S. farm products in August, after U.S. President Donald Trump vowed to impose new tariffs on around $300 billion of Chinese goods, blaming Beijing for not having fulfilled a promise to buy large volumes of U.S. farm products and abruptly dimming prospects of a trade deal.Gao said working-level teams from both countries would meet soon to prepare for the next round of top-level talks between Chinese Vice Premier Liu He, and U.S.
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