An American Farm Bureau Federation official says President Trump’s decision to delay much of his latest tariff threat against China is a hopeful sign constructive trade talks can re-start. AFBF trade adviser Dave Salmonsen hopes the delay to December 15th in Trump’s 10% duty on some Chinese electronics, footwear and clothing, will do more than just avert higher holiday shopping costs.
“We hope that the result, from an Ag point-of-view, is that the negotiations can begin…that, this shows there’s flexibility on the U.S. side, China can react to that…and of course, that China at some point, will change their announcement of a little-bit-ago, where they’re not buying U.S. ag products, and they’ll get back into purchasing from U.S. farmers and ranchers.”
Salmonsen said he is more hopeful now than at the start of the month.
“I would think there’s opportunity for the Chinese government to reevaluate the approach of the U.S. We heard, there was a call earlier this week, between both sides. There was a scheduled meeting, early in September…a Chinese delegation to come to the U.S. Let’s certainly hope that that occurs.”
Salmonsen said the latest dialogue and delay in duties on two-thirds of remaining untaxed Chinese goods, raises hopes the September meeting will still occur.
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