Archive for December, 2018
China Resumes Buying US Soybeans
Bloomberg News, December 12, reports:
"China resumed buying U.S. soybeans, bringing some relief to [American] farmers as President Xi Jinping works toward a trade deal with his American counterpart.
The Asian commodity importer bought 1.5 million to 2 million metric tons of American supply over the past 24 hours, with shipments expected to occur sometime during the first quarter, the U.S. Soybean Export Council said, citing unidentified industry sources.
Continue ReadingTrade War is on Pause
On Saturday December 1 President Trump and President Xi Jinping of China met at the G20 summit to discuss trade and tariffs in Argentina.
Following the meeting President Trump announced the US would leave the tariffs on $200 billion worth of product at the 10% ratge, and not raise it to 25% at this time. China agreed to immediately start purchasing agricultural product from US farmers.
Additional negotiations on a variety of trade topics will continue for the next 90 days.
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