Chinese companies suspend purchases of US agricultural products

Chinese companies have suspended the acquisition of agricultural products of US origin, to which the authorities of the Asian giant do not rule out the imposition of a new tariff, as announced by the Chinese Ministry of Commerce.

From the Chinese Ministry, the American threat has been described. to impose additional tariffs of 10% to 300 000 million dollars on products from China, as a "serious violation" of what was agreed between the leaders of China and the United States. United. at the recent G20 summit.

In this way, China's State Council's Tariff Commission will leave open the possibility of imposing a tax on US agricultural products acquired since August 3 and related Chinese companies have suspended their purchases of products. American agricultural

The US is expected to thoroughly implement the consensus reached at the meeting between the heads of state of the two countries and implement the commitments to create the necessary conditions for cooperation in agriculture between China and the United States, said the ministry.

Last week, US President Donald Trump announced that his country would impose a 10% tariff on 300,000 million dollars (270,581.8 million euros) of imports of products from China from September 1st

"Our representatives have just returned from China, where they had constructive discussions on a future trade agreement.We think we already had an agreement with China three months ago, but unfortunately China has decided to renegotiate Agreement before signing it, "said Trump. a tweet

"China has agreed to buy large quantities of agricultural products in the United States, but that did not happen." My friend, President Xi, said he would stop selling phetanyl in the United States, which never happened. "

China's tariff of 10% on imports of $ 300 billion applies to the percentage of exports still exempt from taxes. The remaining $ 250,000 million (225,484 million euros) will remain subject to a 25% tariff, according to the US president.