Deal Potential Uncertain As Chinese Trade Talks Begin
Deputy level trade talks between the U.S. and China are on today, but the potential for an interim deal depends on which official you talk to.
South China Morning Post says the interim agreement is expected during next month’s high-level talks. The Post cites a researcher affiliated with the Chinese government, but last week the Trump Administration strongly denied that notion, after Bloomberg reported it. The Chinese publication predicts Beijing will agree to buy more farm products and the U.S. may ease restrictions on telecommunications company Huawei.
While the two countries talk, state ag leaders are calling for China to comply with World Trade Organization obligations. They accuse the country of ignoring key ag trade rules and say compliance would increase export opportunities for U.S. producers.
The official comments from NASDA were sent to the U.S. trade representative.