China importers seek to lift tariffs on US farm goods: state media by Staff Writers Shanghai (AFP) July 21, 2019 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 unnamed importers were talking to US suppliers about potential pricing and have applied to a Chinese government body with oversight of tariffs to lift the levies, the nearly identical reports in various media outlets said. The importers were acting "according to the needs of the domestic market," the reports said. No further details were given, such as which products might be affected. The move may be a goodwill gesture after the United States earlier this month was reported to have removed 110 Chinese export items from its own tariffs list. 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 June 29. The Chinese media outlets on Sunday did not cite a specific source for the reported request to lift the tariffs on US goods. The reports come just a few days after Trump accused China of backsliding on promises to increase purchases of American farm exports. Following the Osaka summit, Trump announced that, in return for Washington's pledge to suspend a planned tariff increase on $300 billion in Chinese imports, Beijing had offered to buy "a tremendous amount of food and agriculture product" from the United States. "Mexico is doing great at the Border, but China is letting us down in that they have not been buying the agricultural products from our great Farmers that they said they would," Trump said Thursday on Twitter. "Hopefully they will start soon!" Last week US and Chinese trade officials had their first contact in months in an effort to revive negotiations that nearly collapsed in May. Reducing America's soaring trade deficit with China has long been a principal aim in Trump's trade battle with Beijing, which he also accuses of stealing US technology and unfairly intervening in markets. Trump has offered billions in aid to buy out US farms badly damaged in the US-China trade war. US soy exports collapsed last year, virtually wiping out foreign markets farmers had spent years cultivating.
Swine fever sends China's pork prices, imports soaring Beijing (AFP) July 19, 2019 Pork prices have been sent soaring and herds devastated as African swine fever tears through China's massive pig-farming industry, forcing the country to ramp up imports to satisfy demand - but analysts warn worse is yet to come. More than 1.1 million pigs have been killed or culled so far as authorities scramble to contain a virus that has spread to neighbouring countries since the first cases emerged in August 2018 and for which there is no vaccine. But the figure is widely believed to be muc ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |