nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

US President asks China to remove tariffs on US ag productsqrcode

Mar. 5, 2019

Favorites Print
Forward
Mar. 5, 2019
Reuters reports: 
 
U.S. President Donald Trump said he had asked China to immediately remove all tariffs on U.S. agricultural products because trade talks were progressing well. 
 
He also delayed plans to impose 25 percent tariffs on Chinese goods on last Friday, as previously scheduled. 
 
"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," Trump said on Twitter, pointing out that he had not raised tariffs on Chinese goods to 25 percent from 10 percent on March 1 as planned. 
 
"This is very important for our great farmers - and me!" Trump said. 
 
Farmers are a key constituency for Trump's Republican Party, and the U.S. president's trade war with China has had a heavy impact on them. Beijing imposed tariffs last year on imports of soybeans, grain sorghum, pork and other items, slashing shipments of American farm products to China. 
 
U.S. Agriculture Secretary Sonny Perdue said this week that U.S. trade negotiators had asked China to reduce tariffs on U.S. ethanol, but it was not immediately clear whether Beijing was willing to oblige. 
 
Trump's post on Twitter came several hours after the U.S. Trade Representative's office said that it would delay the scheduled hike in tariffs on $200 billion worth of Chinese goods. 
 
The notice, due to be published in the Federal Register on Tuesday, says it is "no longer appropriate" to raise the rates because of progress in negotiations since December 2018. The tariff would remain "at 10 percent until further notice." 
 
In a statement on last Saturday, China said it welcomed the delay. 
 
Speaking at a separate briefing in Beijing, a Chinese government official said both countries were working on the next steps, though he gave no details. 
 
Canada starts extradition process for Huawei CFO:
 
"China and the United States reaching a mutually-beneficial, win-win agreement as soon as possible is not only good for the two countries, but is also good news for the world economy," said Guo Weimin, spokesman for the high profile but largely ceremonial advisory body to China's parliament. 
 
A tariff increase to 25 percent from 10 percent was initially scheduled for Jan. 1, but after productive conversations with Chinese President Xi Jinping, the Trump administration issued a 90-day extension of that deadline. 
 
Trump had said on last Sunday he would again delay the increase because of progress in the talks.
 
Source: Reuters

Picture 0/1200

More from AgroNews

Magazine

2019 CRO & CRAO Manual 2019 Market Insight
Chinese issue of 2019 Market Insight 2019 India Pesticide Suppliers Guide
2019 Biologicals Special 2019 Latin America Focus
Subscribe Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.