Donald Trump is turning U.S. farmers into trade-war fertilizer by using China’s stance on American agricultural products to escalate the economic conflict. GinaChon
U.S. President Donald Trump said on Aug. 9 that America would not do business with Chinese telecommunications firm Huawei Technologies, though stressed that could change if there is a trade deal with China. Companies now need export licenses from the U.S. Commerce Department to sell American products to Huawei after it was placed on the federal agency’s so-called entity list – a catalog of foreign firms that U.S. companies need special government permission to sell goods to.
Trump made his comments after China’s Commerce Ministry said on Aug. 6 that Chinese companies have stopped buying U.S. agricultural goods. Beijing is also considering imposing additional tariffs on such products after Trump threatened to impose a 10% levy on $300 billion in Chinese goods on Sept. 1. The move would mean that all Chinese imports would face taxes. White House economic adviser Larry Kudlow suggested on Bloomberg television on Aug. 2 that China could avoid the additional tariffs if it bought more agricultural products in significant quantities.
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