China will not increase its annual low-tariff import quotas for corn, wheat and rice to accommodate stepped-up purchases of farm goods from the United States, local media group Caixin quoted senior agriculture official Han Jun as saying on Tuesday. The report underlines China’s desire to protect its domestic producers and raises further questions about how it will meet a target of spending billions of dollars more on U.S. agricultural goods as the two countries look to calm an extended trade war. U.S. President Donald Trump said in December that China had agreed to double its pre-trade war purchases …read more
Source:: Yahoo Finance
