Bloomberg

China to buy more U.S. farm products as trade talks resume

President Donald Trump had complained that China hasn't increased its purchases of American farm products, a promise he said was secured at a meeting with Xi Jinping at the Group of 20 summit in Osaka, Japan, last month. Foto: Stefani Reynolds/AP Images

Companies are expected to sign fresh deals on American products free of retaliatory tariffs as trade talks between China and the U.S. resume on Monday, Chinese state media reported late Sunday.

Some Chinese companies have applied for an exemption from paying retaliatory tariffs, state media Xinhua News Agency said on Sunday. Firms have already bought some farm goods after asking for price quotations on products such as U.S. soybeans, cotton, pork and sorghum on July 19, Xinhua reported, citing China's Commerce Ministry and the National Development and Reform Commission...

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