President Trump announces China will likely be purchasing large amounts of American agricultural products as the ongoing trade war continues.
The president made that announcement via twitter Thursday, the same day Chinese officials signaled the same idea.
According to a Reuters report, Chinese officials have started to ask about pricing to buy large amounts of agricultural products from the United States.
The spokesperson for the Chinese Commerce Ministry weighed in on the progress saying, “[China] hopes both sides would continue to meet each other half way and adopt concrete actions to create favorable conditions for negotiations.”
The spokesperson went on to say China may purchase pork and soybeans despite being subject to steep tariffs currently.
President Trump has historically emphasized the importance of China purchasing U.S. agricultural products, as he continues to fight for American farmers.
Just this year, pork exports to China have climbed over 50% since January despite steep tariffs.
Meanwhile, President Trump issued a warning earlier this month saying he would be tougher on the Chinese if the trade talks continue into his second term as President of the United States.
The president issued that warning via twitter saying, “Think what happens to China when I win. Deal would get MUCH TOUGHER! In the meantime, China’s Supply Chain will crumble and businesses, jobs and money will be gone!”
U.S. and Chinese officials are expected to meet for high-level trade talks in Washington sometime in October.