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China considering US farm imports ahead of talks as sign of goodwill

Written By Dhwani Mehta | 2019-09-11 23:54:01 GMT

In response to the olive branch extended by the US President Trump by delaying the US tariffs on Chinese imports, China said it is considering US farming and agricultural imports ahead of talks as a sign of goodwill, according to sources cited by Bloomberg.

Additional Details:

China may allow companies to resume purchases of US agricultural products in a show of goodwill ahead of upcoming trade talks between the two countries.

Products being considered are possibly soybeans and pork, though purchases are yet to be made and the volumes are still undecided.

The risk sentiment has been bolstered by the latest positive developments on trade, with USD/JPY printing six-week tops near 108.20 while Treasury yields rally +1.50%. S&P 500 futures are also trading firmer above the 3000 level.

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By Dhwani Mehta

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