China Agrees to More Access for U.S. Commodities

(BEIJING, CHINA) Trade talks between the United States and China concluded Wednesday with a pledge by the Chinese to buy a substantial amount of agricultural, energy, and manufactured goods and services from the U.S. The U.S. Trade Representative’s (USTR) Office did not provide any specific details and there’s appears to be no schedule for another round of talks between the two economic superpowers. President Trump levied tariffs on many Chinese products last year and China retaliated with tariffs on agricultural goods. Trump and Chinese leader Xi Jinping agreed last month to a three-month ceasefire. Trump said he will raise tariffs to 25 percent on $200 billion worth of Chinese imports if no deal is reached by March 2. One highlight from this meeting is an announcement that China will increase access for U.S. farm and energy commodities.