It’s reported that US-China trade negotiations will resume on October 10-11 in Washington. Chinese Vice Premier Liu He will lead a delegation representing Beijing. US President Donald Trump had previously delayed a planned tariffs escalation, raising tariffs on USD 250B in Chinese imports to 30%, from October 1 to October 15. Whether such increase would be imposed would be the main reflection on the progress at the upcoming meeting.
Yesterday, Chinese Ministry of Commerce spokesman Gao Feng confirmed that China has resumed its purchase of US agricultural products. Also, tariffs on those orders will be exempted. He noted that both sides are maintaining “close communication”. And, “China’s stance has always been consistent and clear, hoping the US side will meet China half way.”
