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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Companies looking to buy US farm products
    2019-07-23  08:53    Shenzhen Daily

SOME Chinese companies are seeking new purchases of U.S. agricultural products, Xinhua said late Sunday, quoting authorities, as China and the United States look for ways to end the trade spat.

Chinese President Xi Jinping and U.S. President Donald Trump agreed at last month’s G20 summit in Osaka to restart trade talks that stalled in May.

Trump said at the time he would not impose new tariffs and U.S. officials said China agreed to make agricultural purchases. But Trump claimed July 11 that China was not living up to promises to buy U.S. farm goods.

Chinese businesses have made inquiries with U.S. exporters to buy crops and agricultural products and applied for the lifting of tariffs, Xinhua said, quoting Chinese authorities.

China’s Customs Tariff Commission will arrange for experts to appraise the Chinese companies’ tariff exclusion applications, Xinhua said.

“Relevant Chinese departments expressed hope that the United States would meet China halfway, and earnestly implement the United States’ relevant promises,” Xinhua said, without elaborating.

The world’s two largest economies have been embroiled in a tariff spat since July 2018.

Hu Xijin, the editor-in-chief of China’s Global Times newspaper, tweeted in English earlier Sunday that Chinese importers have started arrangements for purchasing U.S. agricultural products, and suggested that the United States and China could soon resume in-person trade talks.

“This is a prominent part from [the] Chinese side as the two countries have signaled goodwill to each other recently. It also indicates China-U.S. trade consultations will restart soon,” Hu said.

Trump said Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart the day before.

China has confirmed that Vice Premier Liu He and Commerce Minister Zhong Shan spoke by phone Thursday with Mnuchin and Trade Representative Robert Lighthizer regarding “further consultations, as well as the implementation of presidential consensus reached in Osaka.”

China made its biggest purchase of U.S. sorghum since April earlier this month, according to U.S. Department of Agriculture data issued last week.

China, which is the world’s top soybean importer, also canceled purchases of 9,853 tons of U.S. soy this month, according to the USDA data. It was China’s first weekly net cancellation of soybeans since April.(SD-Agencies)

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