Chinese firms suspend purchases of US farm products: Xinhua
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    Chinese firms suspend purchases of US farm products: Xinhua

    Chinese
    companies have suspended purchases of U.S. farm products as a
    retaliatory measure against U.S. President Donald Trump's plan to raise
    tariffs further on Chinese imports, state-run Xinhua News Agency said
    Tuesday.To get more china news in english, you can visit shine news official website.

    The report came after Trump decided last week to levy 10 percent
    tariffs on an additional $300 billion worth of imports from China after
    Beijing allegedly failed to make good on its promise to buy large
    quantities of U.S. agricultural products.

    Another tariff hike is
    "a serious violation of the consensus reached between the two heads of
    state," the Chinese government was quoted by Xinhua as saying.

    In
    May, the Office of the U.S. Trade Representative released a list of
    around 3,800 Chinese products -- including iPhones and laptop computers
    -- that would be subject to the proposed fourth round of additional
    tariffs.

    After a summit with Chinese President Xi Jinping on the
    sidelines of a Group of 20 summit in late June in Osaka, western Japan,
    Trump said the United States would forgo the imposition of the fourth
    round of tariffs and that the two sides had agreed to continue talks.

    At
    their ministerial-level talks in Shanghai late last month, the
    governments of the world's two biggest economies agreed to hold the next
    round of trade talks in September in the United States, but neither
    side has shown much willingness to make concessions.

    Washington
    has put pressure on Beijing to curb China's massive trade surplus with
    the United States and rectify its alleged unfair trade practices
    involving intellectual property theft and forced technology transfer.

    So
    far, Washington has imposed 25 percent levies on a total of $250
    billion worth of Chinese imports, while Beijing has retaliated by taxing
    $110 billion worth of goods from the United States.

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