China fails to buy agricultural goods as promised

China fails to buy agricultural goods as promised

China fails to buy agricultural goods as promised

Top White House economic adviser Larry Kudlow told reporters Thursday that Washington expects Beijing to start purchasing American farm products "very soon",. calling it a "key point" of the trade negotiations.

President Donald Trump on Thursday accused China of "letting us down" by not promptly buying more USA farm products.

"Having said that, we have a very strong - I want to underscore this - a very strong expectation that China will really shortly, maybe immediately, begin to purchase U.S. agricultural products", he told the USA broadcaster.

US President Donald Trump states that China does not live up to its promises to purchase agricultural products from American farmers.

Hu Xijin, editor-in-chief of the state-owned Global Times newspaper tweeted late Thursday that the "achievement of Osaka summit is a China-US consensus, not a unilateral commitment China made to the U.S. Hope the U.S. will lift all sanctions on Huawei soon and respect principal of equality".

Washington has already imposed 25% of tariffs on US$250 billion of Chinese goods and China has retaliated with tariff hikes on US$60 billion of USA goods.

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Beijing's retaliatory tariffs previous year on imports of agricultural goods have slammed many farmers - a key Trump constituency - forcing bankruptcies and a slowdown in farm lending as many operations struggle and fall deeper into debt.

The administration has rolled out $27 billion in aid to farmers to ease the pain.

Trump and Xi agreed to restart negotiations that had broken down in May after 11 rounds of talks.

In addition to opposing sharp-elbowed Chinese tech policies, the United States wants Beijing to buy more USA products and to narrow America's trade deficit with China - a record $381 billion past year.

The Commerce ministry's Gao declined to provide more information on the details of the call and plans for more talks in the next stage. He added, "You have to be realistic". In the readout of the Xi-Trump meeting published by the state-run Xinhua News Agency, it only mentioned that Trump said he hoped China could increase imports from the USA, and didn't say how Xi or the Chinese team responded.

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