US, China exchange goodwill gesture ahead of trade talks

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The U.S. and China trade conciliatory gestures, raising hopes they can de-escalate a standoff over trade that has shaken financial markets and cast gloom over the global economy.

FILE - In this July 18, 2018, photo, soybean farmer Michael Petefish holds soybeans from last season's crop at his farm near Claremont in southern Minnesota. China's government says its importers are inquiring about prices for American soybeans and pork in a possible goodwill gesture ahead of talks aimed at ending a tariff war with Washington.

In Beijing, China’s Commerce Ministry said Thursday that Chinese importers are asking U.S. suppliers for prices of soybeans, pork and other farm goods. It’s a sign they might step up purchases of American agricultural products, a possible goodwill gesture ahead of talks next month aimed at ending the tariff war.

The gestures Wednesday and Thursday appear meant to reduce tension ahead of the talks. U.S. stocks, highly sensitive to the ups and downs of the negotiations, rose in early trading before giving up most of the gains by late morning. The U.S. and China have slapped import taxes on hundreds of billions of dollars’ worth of each other’s products in a tariff war that has weighed on global trade and economic growth and created uncertainty for businesses deciding where to situate factories, find suppliers and sell their products.

 

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I'm waiting for the Rump twitter about how we won the tariff war. Even though US corporations and farmers have been forced into bankruptcy. China found new suppliers for alot of our exports to them and we'll never get them back.

Nobody wants to stand up to China but I am glad someone is...about time...

Yet another Trump created crisis. Farmers are suffering; they can’t survive on handouts, many haven’t even received promised funds, some have committed suicide. People & crops are not machines that can just be switched on and off. Trump is gambling with OUR future. OUR lives.

XI needs to leave Trump ass out there! He now has the power 2 make him a 1 term rat! Trump in turn, would give them Nat Security secrets, not to punish him!

Can we not play global politics with 'fair trade'?

ANOTHER SHINY OBJECT FOR THE MEDIA

Gloom?! 😂😂😂😂 The market is over 27,000 !!!

Trump will shake their hand, and then stab you in the back. Like he did during prayers yesterday. Irreverence

Don’t forget walnuts!!

Maybe I'm jaded, but why do I feel China is pulling a Lucy

Let’s not forget that Trump created this entire mess.

*unless you are aware of tweets prior to them being sent (wink wink)

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