- March 2, 2019
- No Comment
- 147
United States asked China to drop entire Agricultural Tariffs to continue trade talks
The U.S President Donald Trump said that he asked China to immediately eliminate entire tariffs on agricultural products from the United States, as trade talks between the progress of the nation. He also delayed plans to impose 25% tariffs on $200 billion of Chinese goods, which were due to come into force on Friday. Trump claimed on Twitter, “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. This is very important for our great farmers and me”!
The politician’s trade war with China has had a heavy and detrimental impact on the U.S farmers. Beijing imposed tariffs last year on imports of soybeans, grain sorghum, pork, and other items, slashing shipments of their products to China. US trade negotiators have asked China to reduce tariffs on ethanol but it is unclear if Beijing is willing to agree, according to Sonny Perdue, the US Agriculture Secretary.
Trump’s comments came several hours after the U.S government announced that the scheduled hike on tariffs imposed on Chinese goods would be postponed. A spokesperson for the Trade Representative’s office said the tariff will remain at 10% until further notice. China said in a statement on Saturday that it welcomed the delay. Research published this week by the Economist Intelligence Unit also said the trade conflict between the United States and China posed the biggest current threat to the world economy.