China will not hike grain import quotas for U.S. commerce deal – Caixin

HomeStock

China will not hike grain import quotas for U.S. commerce deal – Caixin

Adds particulars, context


Adds particulars, context

BEIJING, Jan 7 (Reuters)China is not going to improve its annual low-tariff import quotas for corn, wheat and rice to accommodate stepped-up purchases of farm items from the US, native media group Caixin quoted senior agriculture official Han Jun as saying on Tuesday.

The report raises additional questions on how China will meet a goal of spending billions of {dollars} extra on U.S. agricultural items as the 2 international locations look to succeed in an preliminary settlement to calm an prolonged commerce struggle.

U.S. President Donald Trump mentioned in December that China had agreed to double its pre-trade struggle purchases of U.S. agricultural merchandise over the following two years as a part of a Part 1 commerce deal to be signed this month.

Han, a vice agriculture minister and a part of the negotiating group, mentioned final month that China would purchase extra wheat, rice and corn from the US to fulfill calls for for increased agricultural imports.



nasdaq.com