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Trump says he has asked China to cancel tariffs on US agricultural products



President Donald Trump said on Friday that he had asked China to "immediately eliminate all tariffs" on American agricultural products, in return for his decision to postpone a deadline of March 1, which would impose US tariffs on Chinese imports dramatically increased. [19659002Trumpsaiditwas"duetothefactthatitismovingwiththetradetalks"saidthepresidentinparticularcallingonBeijingtoabolishitsdeductionsonproductssuchasbeefandpork

Trump-Tweet

On Sunday, Trump announced that he would delay the additional tariffs that would come into effect at the beginning of March, and the $ 200 billion in Chinese fees from 10 percent to 25 percent more as would have doubled goods. The President has not announced a new deadline for this bargaining round.

Trump also said on Sunday that Chinese President Xi Jinping would be invited, if further progress towards a solution to the long-standing trade negotiations between the two countries would make a summit on the Trump golf course in Florida, Mar-a Lago, to the "conclusion of an agreement".

Trump's main economic adviser, Larry Kudlow, painted a rosy picture of the ongoing trade negotiations in an interview with CNBC on Thursday. 19659007] "The progress has been great," Kudlow said, adding, "We need to hear from the Chinese side, of course, we also have to hear from President Xi Jinping, I think we have a remarkable historic deal." ,

One day before Kudlow's interview, US Trade Representative Robert Lighthizer made a cautious statement to Congress.

"Much needs to be done before an agreement is reached. "Lighthizer said," and more importantly, after that is achieved when one is achieved. "

Trump's request may also indicate that he recognizes the impact of the US-Chinese trade war on American farmers, and growing tariffs have led China to reduce its purchases of US grain and its storage, shipping and handling activities Freight operations required by US farmers to bring their crop to market

Last July, Beijing imposed an additional retaliatory tariff on imports of 25 percent of beef from the US The US Department of Agriculture said in a report last year that China's middle class continues to increase in size and thus has an appetite for Western diets, including beef.

Yet, most of China's beef imports currently come from Australia and the South American countries.

The National Cattlemen's Beef Association , the trading group for the US beef industry rie, responded to Trump's tweet on Friday with the suggestion that China's president "should not have to fly all the way to Mar-a-Lago to enjoy a USDA." Prime Ribeye: It's time for China to break the barriers to trade US beef so that our 1.4 billion Chinese consumers can enjoy beef again. "

At the same time, American pork is now facing substantial import taxes from China of over 70 percent, which includes two pay rounds in the

China is the world's largest producer of pork, but the deadly African swine fever virus breaks out in hav. This resulted in a narrower domestic supply of pork in 2019 and the potential for greater demand for American pork products According to the United States Meat and Export Federation, US pork exports to China dropped 20 percent in the first eleven months of 2018. "The United States produces the safest, highest quality and most affordable pork in the world," said Jim Monroe , Speaker of the National Pork Producers Council, the largest Br Association of the industry. "China is a tremendous opportunity for US pork producers, and we strive to get cheaper access to this market."

-Jeff Daniels contributed to this report.


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