US President Donald Trump has revealed that under the potential US-China trade deal Beijing has 'agreed to buy massive amounts of ADDITIONAL Farm/Agricultural Products' from American farmers.
According to a report by Reuters, sources have confirmed that China was mulling to cut import tariff on US agricultural products and may also import them.
The US President, however, gave no other details about planned commitments from Beijing following US-China trade talks last week.
“Fair Trade, plus, with China will happen!” Trump wrote in a series of posts on Twitter that came a day after US Treasury Secretary Steven Mnuchin said a trade war between the world’s largest economies was “on hold.”
The negotiations followed earlier meetings in Beijing aimed at diffusing the trade spat spurred by the Trump administration’s threat to slap tariffs on Chinese goods, and a counterproposal by China to levy US products.
Over the weekend, Beijing and Washington pledged to keep talking about how China could import more energy and agricultural commodities from the United States to narrow the $335 billion annual US goods and services trade deficit with China.
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