China proposes conditionally buying $70 billion US products

Source:Xinhua Published: 2018/6/6 23:28:41

China has proposed buying US agricultural and energy products worth nearly $70 billion, but only if Washington abandons its threat to slap tariffs on Chinese imports, according to a Wall Street Journal report on Tuesday.

The report cited sources as saying that Chinese trade negotiators last week presented a US delegation in Beijing a package that includes Chinese companies buying more US soybean, corn, natural gas, crude oil and coal. Chinese and US officials estimated the value of the package to be nearly $70 billion in the first year, the report added.

It also said the Chinese side made it clear to the US delegation that the planned purchases would not come into effect if the Trump administration continued with its plan to impose tariffs on $50 billion worth of Chinese imports. The sources also said details of the outcome have yet to be confirmed by the two sides, and follow-up negotiations might be needed.

Xinhua

Posted in: POLITICS,DIPLOMACY

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