Chinese Enterprises Suspend New US Agricultural Products Procurement

Beijing, August 5 (Xinhua) from the national development and Reform Commission and the Ministry of Commerce, it was informed that the United States announced that it would impose a 10% tariff on 300 billion US dollars in China's exports to the United States, which seriously violated the consensus of the two heads of state of Osaka. The Customs Tariff Commission of the State Council temporarily excluded import tariffs on new US agricultural products after August 3rd, and Chinese related enterprises have suspended the purchase of US agricultural products. The Chinese authorities said that China has a large market capacity and bright prospects for importing high-quality agricultural products from the United States. However, it is hoped that the US side will earnestly implement the consensus reached by the heads of state of the two countries in Osaka, and believe in it and implement their commitments, so as to create the necessary conditions for cooperation between the two countries in the agricultural sector.