Daniel Acker | Bloomberg | Getty Images, citing people familiar with the situation.
This hits at a sensitive issue for President Donald Trump. The president claimed that he had secured large quantities of agricultural purchases when he met with President Xi Jinping at the G-20 summit in June. China then didn't follow through with those significant purchases, a move which led to the failure of preliminary trade talks and Trump to announce the addition of 10% tariffs on another $300 billion in Chinese goods last week.
Trump has ordered up a $16 billion aid package to U.S. farmers, believed to be an important group for him politically, to help them during the trade battle. China is waiting to see how trade negotiations proceed before committing to any purchases, Bloomberg News said. In another possible retaliation, China allowed its currency, the yuan, to breach the 7 level vs. the U.S. dollar.
DonTheCon said trade wars are easily won... it seems that his plan is not working. Xi will outthink, outmanuver, and outlast Dotard 45. It seems Trump is going need more help from the Fed to support his bad approach.
Turfline What imports? They have been not living up to what they agreed on!
China cannot be trusted.
DMRegister KCCINews
Trump borrows money from China to fund the socialist program to bail out the farmer, then raise the debt ceiling, while Russia and other countries dump the dollar as the stable form of world currency, It won't be long before we are an emerging third world country seeking trade
Not a problem Trump will bail them out with American tax dollars. Then when he says China is paying for the tariffs and his base believes him is the problem not Trump.
The WhiteSupremacistInChief's economic strategy. ImpeachDonaldTrumpNOW
mr_jettlife farmer boii..:they know where to hit em
Check this out Joni Ernst
They have disputed this.
CHINA CAN BUY IT ELSEWHERE STUPID
Thanks Trump. BankruptcyKing ImpeachmentInquiryNow
Looks like China is hurting. Has to pay to fake news mafia for such items?
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Source: CNBC - 🏆 12. / 72 Read more »