China Commerce Ministry Open to Buying More US Farm Goods if Tariff Cuts Take Effect

Cointime update: China’s Commerce Ministry said it remains open to expanding purchases of US agricultural products, but only if a reciprocal “$30 billion for $30 billion” tariff reduction arrangement is implemented. Spokesperson Huang Ling told a regular press briefing on the 5th that agricultural trade is an important part of bilateral economic cooperation and that lowering tariffs and non-tariff barriers would benefit both sides.