China halts purchase of U.S. farm products

0
China halts purchase of U.S. farm products
China halts purchase of U.S. farm products

China has halted its purchases of U.S. agricultural products and will not rule out levying import tariffs on American farm imports purchased after Aug. 3, the Chinese Commerce Ministry said early on Tuesday.

“Related Chinese companies have suspended purchases of U.S. agricultural products,” China’s Ministry of Commerce said in an online statement posted shortly after midnight in Beijing on Tuesday.

The Chinese Commerce Ministry did not disclose the value of U.S. agricultural imports that may be subjected to new import tariffs.

U.S. President Donald Trump ratcheted up tensions between the two countries last week when he vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept 1, a decision China’s Commerce Ministry said was a “serious violation” of the consensus struck by Trump and Chinese President Xi Jinping in Osaka in June.

South Africa Today


Read more at VolaNews

Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.