China may resume purchasing U.S. farm goods

By Trade WarFOXBusiness

Trump: We gave China a 2-week reprieve

President Trump said the White House delayed the tariffs for China due to the 70th anniversary of the founding of the People's Republic of China.

The trade war between the U.S. and China is showing signs of easing.

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In recent days, the two sides have softened their stance.

Investors drew encouragement from China's decision to exempt some U.S. products from a recent round of tariffs.

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As a gesture of "goodwill," President Trump said on Twitter on Wednesday that the United States agreed to a two-week delay in a planned increase in tariffs on some Chinese imports.

The Chinese Commerce Ministry responded Thursday morning saying that it welcomes a delay in U.S. tariffs on Chinese goods.

Trump said in a tweet on Thursday that he expects China to buy "large amounts" of products from American farmers.

"It is expected that China will be buying large amounts of our agricultural products!" he tweeted.

A Ministry spokesman said Chinese companies have started making price inquiries for farm products which could lead to China buying pork and soybeans, according to Dow Jones.

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Beijing suspended the purchases in August when bilateral tensions escalated sharply.