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A senior Chinese official on Thursday said companies in the country were learning about US soybean and pork prices, which could be a positive sign in trade talks.
Gao Feng, spokesman for the Chinese Ministry of Commerce, expressed optimism about upcoming talks in Washington. He said at a weekly press briefing that he hoped "the two countries would create favorable conditions" to move forward, according to Reuters.
A few hours earlier, President Trump had announced on Twitter that he had decided to delay for two weeks a new round of tariff increases on imports from China. He called his decision a gesture of goodwill.
TRUMP INTEMPORATES ON COMMERCIAL WAR IN CHINA WHEN THE DISCUSSIONS PLANNED TO RESUME, THE CRITICAL "DOES NOT HAVE THE GUTS"
"At the request of Chinese Vice Premier Liu He, and in view of the fact that the People's Republic of China will celebrate its 70th birthday on October 1, we have accepted, as a sign of goodwill [sic], to move the premium rates on goods worth $ 250 billion (25% to 30%), from October 1 to 15, "wrote Trump on Twitter.
Discussions are expected to take place in Washington next month. Trump's plan to raise tariffs met with opposition from farmers.
For more than a year, the world's two largest economies have struggled with a tough duel, marked by escalating Trump penalties on Chinese products and Beijing retaliatory tariffs.
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The United States recently imposed a 15% tariff on Chinese imports of about $ 112 billion. In total, Trump has imposed or announced penalties for about $ 550 billion worth of Chinese products, which is almost everything the United States purchases from the world's second-largest economy.
Associated Press and Fox Business contributed to this report.
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