As we know, the US recently announced its plan to impose additional ten-percent tariffs on $300 billion worth of Chinese goods, which is a serious violation of the consensus reached by Chinese and American Presidents during their meeting in Osaka. The Tariff Policy Commission of the State Council will not exclude the possibility of imposing tariffs on American agricultural products that are purchased after August 3. The relevant Chinese companies have stopped buying those products. The competent Chinese authority says that considering the huge market in China, there is bright prospect for importing quality agricultural products from the US side. However, we hope the US will earnestly act on the two Presidents' consensus, honor its commitments and create necessary conditions for agricultural cooperation between the two countries.
Source: Ministry of Commerce and Ministry of Foreign Affairs
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