China to buy US$50bil in US farm goods for tariff relief, say US sources


In trade negotiations with China, President Donald Trump has made it a priority that the Asian giant buy tens of billions of dollars in US farm goods.

WASHINGTON (Reuters): Washington has agreed to suspend some tariffs on Chinese goods and cut others in return for Beijing's pledge to hike US farm product purchase in 2020, sources said on Thursday (Dec 12), taking a step to de-escalating the bitter trade war.

Neither Washington nor Beijing have released any official statements, however, raising questions about whether the terms had been agreed by both sides.

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