The terms of signing of the agreement between the US and China were postponed

2019-03-15 12:07:30
Machine translation
The terms of signing of the agreement between the US and China were postponed

the Negotiations U.S. President J. trump with President XI Jinping that was scheduled for the end of March, will be postponed to a later date, - said the Agency Reuters.

 

Secretary of the Treasury Steven Mnuchin stated that the parties needed additional time to resolve any issues. Both countries are trying as quickly as possible to coordinate everything, but there is still a lot of work.

 

"a Situation in which we are now, we are satisfied," said Mnuchin.

 

Earlier it was reported that a trade agreement between the US and China could be signed during the meeting of the presidents of Vietnamese Danase in the period 27-28 February, but then the date was postponed to the end of March.

 

trump plans to hold several personal meetings with the President of China to discuss matters relating to the agreement.

 

This information will continue to pressure prices of soybeans and corn, which will decrease due to low export demand.

 

Export sales of US corn last week totaled just 372 thousand tons, far below last year's level and does not meet the expectations of traders. Export sales of soybeans last week rose to 1.9 million tons due to sales of 1.7 million tonnes at state-owned Chinese company.