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China confirms it is suspending agricultural product purchases in response to Trump’s new tariffs
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| Contributor | RP |
| Last Edited | RP Aug 05, 2019 10:22pm |
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| Category | Announcement |
| Author | Kate Rooney |
| News Date | Monday, August 5, 2019 11:25:00 PM UTC0:0 |
| Description | China confirmed reports that it was pulling out of U.S. agriculture as a weapon in the ongoing trade war.
A spokesperson for the Chinese Ministry of Commerce said Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump’s new 10% tariffs on $300 billion of Chinese goods.
China is one of the largest buyers of U.S. agriculture. Bloomberg News reported that Beijing may stop importing them completely in response to new tariffs by the United States. According to reports by Chinese State media, it would also consider slapping tariffs on U.S. agricultural products that it already bought. |
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