The US and China have reportedly declared a cease-fire to their tit-for-tat trade war. According to a statement from the White House, President Trump will delay plans to increase tariffs on $200 billion of Chinese goods that were set to go into place January 1, 2019.
In response to the President agreeing to not increase tariffs, China has agreed to purchase a “very substantial” amount of agricultural goods from the US.
Negotiations will begin immediately and will address intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services, and agriculture.
Continue reading US/China take first steps to ease trade tensions at Brownfield Ag News.
