The US President Donald Trump has asked China to immediately remove all tariffs on agricultural products imported from the United States.
President Trump tweeted – “I have asked China to immediately remove all Tariffs on our agricultural products (including beef, pork, etc.) based on the fact that we are moving along nicely with Trade discussions and I did not increase their second traunch of Tariffs to 25% on March 1st. This is very important for our great farmers – and me!”
Recently during the Hanoi summit President Trump made it clear that the negotiations with China were “moving along nicely”. After months of trade war between the US-China, both countries agreed to a trade truce for 90 days to work out the differences.
The tariffs were suppose to come into effect from the 1st of March, however since President Trump was happy with the progress made after several rounds of talks the tariffs were delayed.
The White House economic officials made it clear that the two countries were on the brink of a “historic” trade agreement. Trump and Xi Jinping are expected to meet this month.
US agriculture secretary was very happy to announce that China agreed to purchase additional 10 million tonnes US soybean this year. In 2017, soybean accounted for nearly US$ 14 billion in trade.