China Halts Purchases of U.S. Soybeans and Pork? Foreign Ministry Spokesperson Zhao Lijian and U.S. Soybean Export Association Zhang Xiaoping

China began to respond to MrTrump's Hong Kong announcementBeijing has ordered state-owned companies to stop buying soybeans and pork from the United States, sources told ReutersAt the same time, the bulk purchase of Corn and Cotton in the United States was suspendedIf Washington does more for Hong Kong, Beijing is prepared to expand the list, the sources saidIn a worst-case scenario, one source said Beijing would cancel the first phase of the trade dealUnder the agreement signed in January, China pledged to buy an additional $32 billion in U.Sagricultural products over two yearsIn the first quarter, China bought more than $1 billion worth of U.Ssoybeans and nearly $700 million in porkBut tensions between the world's two biggest trading partners have been escalating for months, with U.SPresident Donald Trump accusing China of mismanagement of the epidemic and threatening to hold Beijing accountableOn Friday, MrTrump vowed to end preferential treatment for Hong KongThis is in response to China's plans to implement a new national security law in Hong KongAfter Mr Trump's announcement on Friday, Chinese importers canceled shipments of up to 20,000 tons of U.S pork, equivalent to a week's worth of orders , the sources said 　　According to another source, COFCO and COFCO had originally asked for 20 to 30 shipments of U.S soybeans on Friday, but the two companies stopped negotiating after U.S President Donald Trump said they wanted to sanction Chinese officials 　　Bloomberg yesterday quoted sources as saying that the Chinese government has instructed China's most important state-owned agricultural importers, such as Cofco and Cofco, to suspend imports of some U.S agricultural products, including soybeans Chinese officials also instructed state-owned buyers to suspend imports of U.S cotton and corn, while private companies have not received instructions to suspend imports 　　The U.S.-China trade talks, which took more than two years to impose tariffs on $370 billion in Chinese products, hit financial markets and bleak prospects for global economic growth before the virus outbreak overwhelmed them 　　In recent weeks, the White House has been suggesting almost daily that Mr Trump might cancel the deal, with businesses, investors and Chinese trade watchers following every news and tweet 　　But on Friday, when Mr Trump said the United States would begin removing trade and travel privileges for Hong Kong, he made no mention of the deal Stocks breathed a sigh of relief, and the S and P 500 reversed course 　　A tough stance on China and criticism of the Obama administration's more cautious approach are a key part of Mr Trump's re-election strategy Sticking to the deal could mean accepting that China will not meet its commitments to buy U.S agricultural products and manufactured goods, which many see as unrealistic Foreign Ministry, The American Soybean Association China Representative, Huazhong University of Science and Technology Professors have responded cAu According to the "Foreign Ministry Spokesman's Office" news, at a regular press conference of the Ministry of Foreign Affairs today, Japan's NHK TV reporter asked: China and the United States have reached the first phase of economic and trade agreement But the Chinese government has reportedly ordered state-owned companies to suspend purchases of pork and soybeans from the United States What is China's comment on this? 　　Foreign Ministry spokesman Zhao Lijian: I don't know what you said China's position on China's economic and trade issues is consistent and clear 　　Zhang Xiaoping, china's chief representative for the U.S Soybean Export Association, also confirmed to the Global Times on Tuesday that china's purchases of U.S soybeans are now on schedule and do not appear to be affected by external factors 　　In a Reuters report on Tuesday, three U.S traders familiar with the deal said Chinese state-owned companies had purchased at least three shipments of U.S soybeans on Monday, June 1, a total of at least 180,000 tons of soybean stake, to be shipped in October or November 　　"
China will not easily give up the hard-won first phase of trade agreements , " Chen Bo, a professor at Huazhong University of Science and Technology, told the United Morning Post Mr Trump's sanctions against Hong Kong are still "thunderous and rainy" and "China will not take the initiative to provoke in the absence of heavy rain." 　　But Chen Bo believes that the news that Chinese state-owned enterprises stopped buying U.S agricultural products may be China's strategy, intended to release China has this chip to the U.S counter-measure signal, "but did not tear the face, just make gestures." 　　"The key message at the moment is not very clear, and there is a sense of confusion," Li Mingjiang, an associate professor at The University of Southern Technology in Singapore's Lagaleran School of International Relations, said in an interview but believes China will not stop implementing the first phase of the trade deal altogether china began to respond to Mr Trump's Hong Kong announcement Beijing has ordered state-owned companies to stop buying soybeans and pork from the United States, sources told Reuters At the same time, the bulk purchase of Corn and Cotton in the United States was suspended If Washington does more for Hong Kong, Beijing is prepared to expand the list, the sources said 　　In a worst-case scenario, one source said Beijing would cancel the first phase of the trade deal Under the agreement signed in January, China pledged to buy an additional $32 billion in U.S agricultural products over two years In the first quarter, China bought more than $1 billion worth of U.S soybeans and nearly $700 million in pork 　　But tensions between the world's two biggest trading partners have been escalating for months, with U.S President Donald Trump accusing China of mismanagement of the epidemic and threatening to hold Beijing accountable On Friday, Mr Trump vowed to end preferential treatment for Hong Kong This is in response to China's plans to implement a new national security law in Hong Kong 　　After Mr Trump's announcement on Friday, Chinese importers canceled shipments of up to 20,000 tons of U.S pork, equivalent to a week's worth of orders , the sources said 　　According to another source, COFCO and COFCO had originally asked for 20 to 30 shipments of U.S soybeans on Friday, but the two companies stopped negotiating after U.S President Donald Trump said they wanted to sanction Chinese officials 　　Bloomberg yesterday quoted sources as saying that the Chinese government has instructed China's most important state-owned agricultural importers, such as Cofco and Cofco, to suspend imports of some U.S agricultural products, including soybeans Chinese officials also instructed state-owned buyers to suspend imports of U.S cotton and corn, while private companies have not received instructions to suspend imports 　　The U.S.-China trade talks, which took more than two years to impose tariffs on $370 billion in Chinese products, hit financial markets and bleak prospects for global economic growth before the virus outbreak overwhelmed them 　　In recent weeks, the White House has been suggesting almost daily that Mr Trump might cancel the deal, with businesses, investors and Chinese trade watchers following every news and tweet 　　But on Friday, when Mr Trump said the United States would begin removing trade and travel privileges for Hong Kong, he made no mention of the deal Stocks breathed a sigh of relief, and the S and P 500 reversed course 　　A tough stance on China and criticism of the Obama administration's more cautious approach are a key part of Mr Trump's re-election strategy Sticking to the deal could mean accepting that China will not meet its commitments to buy U.S agricultural products and manufactured goods, which many see as unrealistic Foreign Ministry, The American Soybean Association China Representative, Huazhong University of Science and Technology Professors have responded cAu According to the "Foreign Ministry Spokesman's Office" news, at a regular press conference of the Ministry of Foreign Affairs today, Japan's NHK TV reporter asked: China and the United States have reached the first phase of economic and trade agreement But the Chinese government has reportedly ordered state-owned companies to suspend purchases of pork and soybeans from the United States What is China's comment on this? 　　Foreign Ministry spokesman Zhao Lijian: I don't know what you said China's position on China's economic and trade issues is consistent and clear 　　Zhang Xiaoping, china's chief representative for the U.S Soybean Export Association, also confirmed to the Global Times on Tuesday that china's purchases of U.S soybeans are now on schedule and do not appear to be affected by external factors 　　In a Reuters report on Tuesday, three U.S traders familiar with the deal said Chinese state-owned companies had purchased at least three shipments of U.S soybeans on Monday, June 1, a total of at least 180,000 tons of soybean stake, to be shipped in October or November 　　"
China will not easily give up the hard-won first phase of trade agreements , " Chen Bo, a professor at Huazhong University of Science and Technology, told the United Morning Post Mr Trump's sanctions against Hong Kong are still "thunderous and rainy" and "China will not take the initiative to provoke in the absence of heavy rain." 　　But Chen Bo believes that the news that Chinese state-owned enterprises stopped buying U.S agricultural products may be China's strategy, intended to release China has this chip to the U.S counter-measure signal, "but did not tear the face, just make gestures." 　　"The key message at the moment is not very clear, and there is a sense of confusion," Li Mingjiang, an associate professor at The University of Southern Technology in Singapore's Lagaleran School of International Relations, said in an interview but believes China will not stop implementing the first phase of the trade deal altogether "
cAu with "USA, Pork, Soy, Response" Related articles: Recommended Features: News Hits: Hot Picture News: News Review: Seven Mouths Forum: