China wants tariffs cut to enable $50 bln imports from US
A US Department of Agriculture inspection stamp is displayed on a package of baby back pork ribs. Photo: Bloomberg
China will struggle to buy $50 billion of US farm goods annually unless the United States removes retaliatory tariffs on American products, Bloomberg reported on Tuesday.
China would make the purchases only if US President Donald Trump rolls back levies put in place since the trade war began, Bloomberg said, citing people familiar with the matter.
Trump said on Friday that China had agreed to purchase $40 billion to $50 billion worth of agricultural goods from the US in a first phase of an agreement to end the trade war.
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