China refused to buy agricultural products in the United States after the introduction of fees

2019-08-06 12:43:12
Machine translation
China refused to buy agricultural products in the United States after the introduction of fees

Response to the introduction of trump from 1 September import duties on Chinese goods worth $ 300 billion was the failure of China from purchases of American agricultural products, - have informed in the Ministry of Commerce of the PRC.

 

the Chinese government is surprised by the statement of the trump and is willing to raise the stakes in the trade war with the United States.

 

After the latest talks, which ended early and unsuccessfully, trump said that China is not fulfilling its promises to strengthen the purchase of agricultural products from the United States and unfairly controls the exchange rate of the yuan to help exporters, so the US impose new import duties. However, the negotiations he called constructive and expressed hope for their continuation.

 

Yesterday, the yuan fell 1.3% to a 10-year low 7,0292 of the yuan/dollar for the first time since 2008 has crossed the psychological mark of 7 yuan to the dollar. Macquarie Securities experts attribute this to the escalation of a trade war, weakening the country's economy and calm attitude of the Central Bank to the high volatility of the yuan.

 

this criticism of the United States relative passivity in the procurement of agricultural products in the PRC reject and report that have already purchased soy and other commodities, however, through uncompetitive prices can not complete the contemplated transaction.

 

"we executed a contract for the purchase of 14 million tons of soybeans. After the June presidents ' meeting in Osaka, the United States sent to China 2.27 million tons of soybeans, 2 million tons will be put in August and 300 thousand tons in September," - said in the government of the PRC. However, they noted that the negotiations in December, it was about the purchase of 20 million tons of U.S. soybeans and corn and wheat.

 

on July 19 the Chinese company made a request for prices of U.S. soybeans, sorghum, wheat, corn and other agricultural products and as of August 2 agreements were concluded for the purchase of 130 thousand tons of soybeans, 120 thousand tons of sorghum, 75 thousand tons of straw, 60 thousand tons of wheat, 25 thousand tons of cotton and other crops. The tariff Committee of the state Council of the PRC also sent a request for the release of products purchased from fees.

 

a small volume of purchases of American goods despite the agreements of presidents suggests a deliberate delaying of negotiations with China, although it may, through their own state to acquire large quantities of products, as it was before, when two state Corporation bought 14 million tons of soybeans.

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