Enterprises Suspension of New American Agricultural Products Purchase

Reporters from the National Development and Reform Commission (NDRC) and the Ministry of Commerce have learned that the US side has recently announced that it intends to impose a 10% tariff on 300 billion US dollars of Chinese imports into the United States, which seriously violates the consensus reached at the meeting between the two heads of state in Osaka. The State Council Tariff and Tax Commission has not ruled out import levies on new US agricultural products purchased after August 3. Chinese companies have suspended purchasing U.S. agricultural products. Relevant Chinese authorities said that China has a large market capacity and bright prospects for importing high-quality agricultural products from the United States. However, they hope that the United States will earnestly implement the consensus reached at the meeting between the two heads of state in Osaka, and be credible in its words and fulfill its commitments so as to create the necessary conditions for cooperation in the agricultural field between the two countries.