Chinese Importers Upping Purchases of US Agricultural Goods, Xinhua Says
Chinese importers have recently been upping purchases of U.S. agricultural products, according to a report from China’s state run Xinhua news service. “Since July 19, some Chinese firms have inquired with U.S. suppliers about the new purchases of U.S. farm…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
produce including soybeans, cotton, pork and sorghum. Currently, a batch of deals have been made in line with market conditions,” Xinhua said. “The Chinese enterprises involved have applied for the lifting of additional tariffs on some of the U.S. farm produce, and the Customs Tariff Commission of the State Council will handle their applications according to stipulated procedures.” So far, millions of tons of U.S. soybeans have been shipped to China, the report said, tying the recent activity to talks held between President Donald Trump and China’s President Xi Jinping in June.