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China halts U.S. soybean imports as tariff war escalates

2019-05-31 2,344 Dailymotion

"中, 미국산 대두 수입 중단"…對美 반격 본격화하나<br /><br />China,... the world's largest buyer of soybeans, has put a hold on its purchases of American supplies.<br />Despite the trade conflict between the nations intensifying,... President Trump says Washington is doing well in the trade talks and Beijing, he says, wants to make a deal.<br />Lee Seung-jae reports. <br />U.S. President Donald Trump's decision to escalate the trade war with China this month,... raising tariffs on about 200-billion dollars of Chinese goods,... has prompted Beijing to retaliate with tough duties of its own. <br />China's move could bite as the world's largest soybean buyer has put purchases of American supplies on hold.<br />According to sources familiar with the matter,... state-grain buyers in China haven't made or received any further orders,... though previous orders will not be cancelled.<br />According to data from the U.S. Department of Agriculture,... China bought about 13 million tons of American soybeans after the two sides agreed to a truce in December,... a move that showed goodwill toward getting the trade dispute resolved.<br />While China pledged to buy an additional 10 million tons,... purchases have now ceased.<br />In addition,... China has yet to take delivery of about seven million tons of the product,... which it committed to buy in the current marketing year.<br />Despite Beijing's latest retaliation,... President Trump says Washington is doing well in trade talks,... adding that China wants to strike a deal.<br />"I think we're doing very well with China, we'll see what happens. But I can tell you China very much wants to make a deal because the companies are leaving China to avoid the tariffs. China is becoming a very weakened nation just as Iran has become a very weakened nation and Iran wants to make a deal also." <br />While it remains to be seen if the two sides will ever strike a deal,... U.S. Treasury Secretary Steven Mnuchin says he'll likely travel to Beijing "in the near future" to continue negotiations.<br />Lee Seung-jae, Arirang News. <br />

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