China will need to drop steep tariffs it imposed on American farm products earlier this year before it can fulfill its pledge to buy substantial volumes of U.S. goods, Chinese traders said earlier this week.
Reuters reports that China and the United States agreed on Saturday to a ceasefire in a months-long trade war that roiled global markets and halted sales of U.S. soybeans to China. The news service reported that the United States agreed to put on hold a Jan. 1 increase in tariffs on $200 billion of Chinese goods, following talks between President Trump and Chinese President Xi Jinping at a gathering of world leaders in Argentina. However, other national news sources later in the week raised questions about the validity of those discussions.
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