Kudlow says US expects China to start purchasing crops very soon

Galtero Lara
Julio 11, 2019

Chinese and United States negotiators spoke by phone Tuesday and are discussing a face-to-face meeting in the future. Talks had broken down in May over United States accusations that Beijing had reneged on its commitments, and the dispute escalated with the two sides exchanging steep increases in punitive tariffs.

White House economic advisor Larry Kudlow said the phone call was "constructive" and the two sides were talking about having a face-to-face meeting. US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer spoke with Chinese Vice Premier Liu He and Commerce Minister Zhong Shan on Tuesday. In an interview with the Fox Business Network, Kudlow described the discussions as "preliminary" and said meetings will "probably" be arranged, but did not give more details. President Donald Trump agreed not to impose new tariffs and USA officials said China agreed to make agricultural purchases, but those have not yet materialized.

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"Trade teams from both sides, according to the consensus reached at Osaka by leaders from both countries, will restart economic and trade negotiations on the basis of equality and mutual respect", said Gao. Washington and Beijing have hit each other with punitive tariffs covering more than $360 billion in two-way trade and those duties remain in place.

Trump promised not to impose new tariffs on Chinese goods and to ease restrictions on technology company Huawei, and said Xi had vowed to buy more products grown by American farmers, though the Chinese never confirmed the hike in farm imports. He had previously threatened to put punitive duties on an additional $300 billion in Chinese exports.

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