Home / Business / Difference between China and the United States on purchases of agricultural products, according to Trump

Difference between China and the United States on purchases of agricultural products, according to Trump

It seems that this is only the last mistake in a long negotiation between the United States and China. And this suggests that, despite descriptions of progress by US officials, a protracted trade war that has shaken global markets and hindered trade between the world's two largest economies is likely to continue in the near future.

Beijing continues to pressure the United States to eliminate tariffs on Chinese goods worth $ 250 billion and allow China to make more gradual changes to its laws. intellectual property and other regulations, learned the talks. The Trump administration has insisted on maintaining its tariffs while China is making the promised changes, but it also wants to find a solution allowing China to make large purchases of agricultural products.

Negotiators from both countries are continuing their efforts to reach an agreement and large-scale purchases could still occur. Tuesday, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin hold talks with Chinese Vice Premier Liu He and Trade Minister Zhong Shan to continue talks, a senior official said of the administration.

In a statement released Wednesday, the Chinese Ministry of Commerce said the two sides "exchanged views on the implementation of the consensus reached in Osaka" by Mr. Trump and Mr. Xi.

US officials also announced Tuesday that they were already going ahead with some of what Mr Trump had described as a concession: easing the ban on Huawei, the Chinese telecommunications giant , which prevented the United States from buying American technology for reasons of national security. The administration will issue licenses to US companies wishing to do business with Huawei "without threat to national security," said Secretary of Commerce Wilbur Ross.

The United States has decided to ban the company from access to US suppliers by placing it on the list of entities, which limits US technology sales for reasons of national security. But companies can apply for licenses to sell specific products, thereby circumventing the ban.

It is not clear what types of products could be exempted. The US technology industry has been pressuring the administration, saying the restrictions could cut it off as a valuable source of revenue. The possibility of continuing to sell to Huawei could offer a break to US companies such as Qualcomm, Intel, Broadcom and Google, which sell Huawei's microchips, software and other specialized components to its smartphones and telecommunication equipment.

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