Thursday 22 August 2019

U.S. official says China far short of soybean purchase pledge after small sale

U.S. official says China far short of soybean purchase pledge after small saleChina has purchased about only half the U.S. soybeans it pledged to buy earlier this year, a U.S. Department of Agriculture official said on Thursday, after a small sale was reported amid the two countries' escalating trade war. U.S. President Donald Trump has vowed to impose new tariffs on Beijing starting in September, prompting China to say it had halted imports of all U.S. agricultural goods in a trade dispute that threatens growth in the world's two largest economies. U.S. officials have said repeatedly they expect China to buy large quantities of soybeans as a gesture of goodwill while the two sides negotiate a trade deal.




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