WASHINGTON, Dec 17 ― The US-China trade deal announced on Friday will be signed in early January, US trade negotiators say. However, subtle but important differences between what US and Chinese officials say has been agreed upon have arisen in recent days, including about timing. The White House...
“As long as the US products and services are marketable and can meet the needs of Chinese people, expanding imports from the United States is something we would like to see,” said Ning Jizhe, vice chairman of the National Development and Reform Commission.
that China would buy US$50 billion in farm products, Ning said there is “no doubt that China will increase the procurement of high-quality and market-competitive US agricultural products,” but said specifics were still being determined. China “will import some wheat, corn, and rice from the United States,” Han said. But he added that China will continue to emphasise self-sufficiency in grains, rather than relying on imports. “We will firmly hold the rice bowl in our own hands,” he said, and will keep national food security the bottom line.Both sides suspended tariffs due to go into effect December 15. The United States cut tariffs on some US$120 billion in Chinese goods by 50 per cent, to 7.
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