The U.S.-China trade war appears to be de-escalating as Beijing offers an olive branch to Washington after the tariffs' delay announced by President Donald Trump.
had reported that private Chinese companies bought at least 10 boatloads of American soybeans on Thursday, China's largest purchase since June, which amounted to more than 600,000 tonnes and were due for shipment between October and December.
The Office of the U.S. Trade Representative and China's Ministry of Foreign Affairs did not respond immediately toThe news follows President Donald Trump's delay of another round of tariffs on $550 billion of Chinese imports by two weeks. He shifted the tariffs from the original date of October 1 out of respect for National Day celebrations in China marking the founding of the People's Republic.
"A lot of people are talking about it, I see a lot of analysts are saying an interim deal—meaning we'll do pieces of it, the easy ones first. But there's no easy or hard. There's a deal or there's not a deal. But it's something we would consider, I guess." For more than a year Washington and Beijing have locked horns in a trade war started by the Trump administration over what it said was China's unfair trading practices, such as the theft of intellectual property, national security concerns, and to protect American firms from competition.
The trade war is hurting both sides. Chinese manufacturers are struggling after all-but-losing a major export market. Meanwhile,
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