SHANGHAI: Chinese importers are applying to their government to lift tariffs on some US agricultural imports, state media reported on Sunday (Jul ...
SHANGHAI: Chinese importers are applying to their government to lift tariffs on some US agricultural imports, state media reported on Sunday , three weeks after the two sides reached a truce in their trade war.
The two economic giants have hit each other with punitive tariffs covering more than $360 billion in two-way trade since US President Donald Trump launched a trade war last year, damaging manufacturers on both sides of the Pacific.But Trump and Chinese President Xi Jinping agreed to a truce and to revive fractious trade negotiations when they met on the sidelines of the G20 summit in Japan on Jun 29.
The reports come just a few days after Trump accused China of backsliding on promises to increase purchases of American farm exports.
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