Money

NewsBreak: U.S.-China Trade Talks Hit Roadblock Over Agriculture – Report


© Reuters.

Investing.com – Stocks retreated into the red Wednesday afternoon on a report from The Wall Street Journal that U.S. and China trade talks have stalled over agriculture purchases.

  • President Trump previously said China committed to buying up to $50 billion in U.S. soybeans, pork and other agricultural products as part of a phase one trade agreement. But China is unwilling to quantify its farm purchases, denting hopes that the phase one deal will be signed sooner rather than later, the Journal said, citing sources.
  • China is also resisting U.S. demands to make reforms on forced technology transfer, which the Trump administration has previously said would be addressed in future trade deals with Beijing.
  • In the wake of the report, the and turned negative, while the was barely higher.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.