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China has suspended imports of agricultural products from the United States


China temporarily stopped purchasing agricultural products from the United States, and Beijing did not rule out an increase in duties on these products. This step was taken in response to Washington’s decision to impose duties of 10% on goods from China, the Chinese Ministry of Commerce said.

“The Committee on Tariffs of the State Council does not exclude raising import duties on supplies of American agricultural products purchased after August 3. Chinese enterprises have already suspended purchases of agricultural products from the United States, ”the Chinese Ministry of Commerce said in a statement.

Earlier, China announced plans to introduce countermeasures in response to the introduction of US duties, which was announced by US President Donald Trump.

Pl, he said, from September 1, the United States will impose duties of 10% on the "remaining" imports from China, which is estimated at $ 300 billion.

Director of the Center for Geopolitical Research at the Institute for Innovative Development Dmitry Rodionov, in an interview with the FAN, assessed the trade standoff between Washington and Beijing.

Source: russiart

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