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Truck driver Marion Howard watches the shipment of soy beans into his truck on Wednesday, October 11, 2017 at Chris Crosskno's farm near Denton, Missouri.
J. B. Forbes | St. Louis Post-Dispatch | TNS | Getty Images
President Donald Trump said China would start buying US agricultural products "in large quantities".
His comments came after his decision to postpone the increase in customs duties on Chinese goods worth $ 250 billion from October 1 to 15, as a "gesture of goodwill" towards China.A flawless stay
China's Ministry of Commerce said Thursday that Chinese companies have begun asking for prices for US agricultural products, including soybeans and pork. The country ended purchases in August when Trump abruptly ended the ceasefire. China's agricultural commodity purchases have been a stumbling block in the trade battle, with Trump repeatedly accusing China of not keeping its promise.
"Now, with regard to agriculture, we are waiting and we want them to buy agriculture, we consider this a personal attack on our farmers," the Treasury Secretary said on Thursday. , Steven Mnuchin, in CNBC's Squawk Box. "They need our agriculture … It's not just about selling them soy, but we want to sell them soy," he said.A flawless stay
The two countries agreed to meet in early October in Washington and hold discussions at the deputy minister level in preparation for the meeting to lay the groundwork. Some insiders and observers expect this round of negotiations to lead to a breakthrough.
Chinese Vice Premier Liu He, the country's chief trade negotiator, said Thursday that deputy minister level talks next week will focus on issues such as trade balance, market access and protection. investors, said Chinese media Xinhua.
Mnuchin also told CNBC that Trump could enter into a trade deal with China at any time, but wanted a "good" deal for US workers.
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