BEIJING (Reuters) – China may decide to abolish additional tariffs on US agricultural products to boost imports of these products, which could reach about $ 50 billion, a Reuters report said on Thursday, citing informed sources.
China will increase purchases of US agricultural products depending on market conditions and will not adhere to a specific quantity or timeframe, the report said.
A Bloomberg report earlier cited informed sources that China wants to increase purchases of US agricultural products to about $ 20 billion within a year, if a partial trade agreement is signed with the United States.