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Chinese enterprises halt new purchases of U.S. agricultural products

2019-08-06 www.cofeed.com
According to Xinhua Net, China’s National Development and Reform Commission and the Ministry of Commerce said China would temporarily not rule out the possibility of levying additional tariffs on imported U.S. agricultural products with deals made after Aug. 3, and related Chinese enterprises have halted purchases of U.S. agricultural products.

The move came after the U.S. claimed to impose additional 10% tariffs on 300 billion U.S. dollars worth of Chinese imports, which seriously violated the consensus reached by the two heads of state in Osaka.

With a huge market, China is a promising destination for high-quality U.S. agricultural products, official sources said, hoping that the U.S. should earnestly implement the consensus reached in Osaka and be committed to fulfilling its promises to create necessary conditions for bilateral agricultural cooperation.