Trade Talks Hit Snag Over Farm Purchases
Beijing balks at committing to specific purchases
Trade talks between the U.S. and China have hit a snag over farm purchases, according to people familiar with the matter, creating another obstacle as Beijing and Washington try to lock down the limited trade deal President Trump outlined last month.
According to The Wall Street Journal, Trump has said China has agreed to buy up to $50 billion in U.S. soybeans, pork and other agricultural products annually.
But China is leery of putting a numerical commitment in the text of a potential agreement, according to the people.
Beijing wants to avoid cutting a deal that looks one-sided in Washington’s favor, some of the people said, and also wants to have a way out should trade tensions escalate again.