White House National Economic Commission Director Kudrow said Tuesday that senior U.S. officials will travel to China for face-to-face talks on restarting stalled trade negotiations, which is a good sign that Beijing will soon start buying U.S. agricultural products.
U.S. Trade Representative Letter Heyzer and Treasury Secretary Nuchin stressed in a recent phone call from the Chinese negotiating leader that Beijing needed to honour its commitment to buy more U.S. agricultural products.
"It seems to me that we will visit China, and we hope that we strongly hope that China will soon start buying agricultural products, first as part of the overall agreement, and secondly as a friendly gesture," Kudrow told reporters at the White House.
In a meeting with Chinese President Xi Jinping last month, President Trump agreed to suspend tariffs on the remaining $300 billion of Chinese imports while resuming negotiations. Kudrow said that China's expected return on purchases of agricultural products has not yet occurred, but this situation may soon change.
"We haven't been guaranteed yet, but if we see a lot of positive news about it, I won't be surprised," he said. "I'm hopeful."
The world's two largest economies have been seeking to start stalled negotiations to end a year-long trade war. Senior U.S. and Chinese officials spoke by telephone, but did not announce the date of their visit to Beijing.
Trump said Tuesday that China was paying the United States "billions of dollars" and boasted of the help provided by the U.S. government to farmers hit by the trade war.
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