China wants tariffs cut to enable $50 billion imports from U.S.: Bloomberg
Reuters
Published Oct 15, 2019 07:39AM ET
(Reuters) - China will struggle to buy $50 billion of U.S. farm goods annually unless the United States removes retaliatory tariffs on American products, Bloomberg reported on Tuesday.
China would make the purchases only if U.S. President Donald Trump rolls back levies put in place since the trade war began, Bloomberg said https://bloom.bg/2OR9dvt, citing people familiar with the matter.
Trump said on Friday that China had agreed to purchase $40 billion to $50 billion worth of agricultural goods from the U.S. in a first phase of an agreement to end the trade war.
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Written By: Reuters
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