US-China talks reportedly stuck on how to enforce farm goods purchases

Author: Justin Low | Category: News

Bloomberg reports on the matter

US China
Saying that the US is demanding that China detail how it plans to reach as much as $50 billion in agricultural purchases, and that such a demand has become a sticking point in negotiations, citing people familiar with the matter.

It is said that China is resisting a proposal from the US that it provide monthly, quarterly and annual targets for purchases while insisting that both sides must agree to rollback tariffs in phases if a trade deal is reached.
ForexLive

Just a couple more details surfacing on trade talks but this is exactly the same story as what we heard from the WSJ overnight here.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose