chinese goods: In response to President Trump recently announcing 10% tariffs on 300 billion in Chinese goods, China allowed the yuan to weaken and suspended purchases U.S. agricultural products, according to Xinhua China. The Chinese market has a large capacity and the prospect of importing high-quality U.S. agricultural products is bright, state-owned media Xinhua said on Monday. Trade tensions between the U.S. and China are flaring once again, and American farmers continue to bear the brunt of the implications. However, we hope the U.S. will conscientiously implement the consensus reached at the G-20 summit in Osaka, Japan between the heads of the two countries, and implement the commitments to create the necessary conditions for cooperation in the agricultural fields between the two countries. This is just another nail in the coffin, Tyler Stafslien, a North Dakota-based soybean farmer, told Yahoo Finance. America farmers were dismayed by the developments.
(news.financializer.com). As
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Tagged under chinese goods, purchases u.s topics.