Chinese firms ‘inquiring about U.S agric market


China’s Commerce Ministry on Thursday said that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a thaw emerging in a bitter trade war between the two countries.

Speaking at a weekly news conference in Beijing, the Chinese Commerce Ministry spokesman, Gao Feng also said working-level teams from both countries will meet soon to prepare for the next round of top-level talks.

Gao said that possible Chinese purchases of U.S. farm goods included pork and soybeans.

U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a short delay to scheduled tariff hikes on billions worth of Chinese goods.

Gao said China hopes both countries would create favourable conditions for trade talks.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are expected to meet in early October in the U.S. capital.