In this file:
· China business leader tells U.S. ag to hang in there
… The head of China’s General Chamber of Commerce… advice to U.S. farmers and ranchers is to “hang in there” – that, the economics in the end will prevail…
· China sends trade envoy ahead of negotiations
… China’s state-run news agency says deputy finance minister Liao Min will arrive Wednesday to begin the groundwork for those talks next month…
China business leader tells U.S. ag to hang in there
By Julie Harker, Brownfield
September 17, 2019
The head of China’s General Chamber of Commerce – USA Chicago (CGCC) says it’s good that both sides of the U.S.-China trade war are talking.
Pin Ni owns Wanxiang America Corporation, an automotive parts business in Chicago and China, and says it’s encouraging that China is sending an envoy to D.C. and talking about lifting tariffs on U.S. pork, “Pork is one. They’re also talking about preparing the new orders for the soybeans and the other products that China should import from the USA.”
Pin Ni tells Brownfield Ag News the tariffs are painful on both sides, “We are all trying to do our best to minimize the impact to the customers and the consumers, actually on both sides. But, nevertheless, you know this has a significant impact.”
His advice to U.S. farmers and ranchers is to “hang in there” – that, the economics in the end will prevail. He says, “Right now, you’re going through the time that is difficult. But in the end as long as our product is better, our price is better, our quality is better, no matter how, we’re going to have the market.”
Business leaders from China and the U.S. are in Chicago...
more, including audio [10:23 min.]
China sends trade envoy ahead of negotiations
By Larry Lee, Brownfield
September 17, 2019
China is sending a trade envoy to Washington ahead of the next round of trade talks. China’s state-run news agency says deputy finance minister Liao Min will arrive Wednesday to begin the groundwork for those talks next month.
A phone call earlier this month between China’s Vice Premier, U.S. Trade Representative Robert Lighthizer, and U.S. Treasury Secretary Steven Mnuchin opened the door for another round of trade negotiations.
President Trump postponed a tariff increase on 250 billion dollars’ worth of Chinese goods until October 15th. China followed by lifting tariffs on some farm goods including soybeans and pork.
Mnuchin told reporters...