![]() Chinese buyers are unlikely to buy American soya beans if the tariffs make their price more expensive than others. There may be other factors at play in the soya bean purchases. "But it's something we would consider, I guess," he said. "A lot of people are talking about it, I see a lot of analysts are saying an interim deal - meaning we'll do pieces of it, the easy ones first. Later, the president told reporters: "If we're going to do the deal, let's get it done." Later, White House spokesman Judd Deere emphasised that the president would prefer a complete agreement. On Thursday, Mr Trump also appeared to suggest that though he wanted a comprehensive deal, he was open to an "interim" deal on trade with China. The US tariffs on all goods from China were set to increase from 25 per cent to 30 per cent. ![]() Oct 1 marks the 70th anniversary of the founding of the People's Republic of China, and will be marked by a major celebration, including a military parade in Beijing. The president tweeted that the delay was "at the request of the Vice-Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary". US President Donald Trump on Wednesday delayed implementation of a new round of tariffs on US$250 billion (S$340 billion) worth of Chinese goods, from Oct 1 to Oct 15, as a "gesture of good will" to China. Most likely they had been purchased on Wednesday and Thursday respectively, he said.Ĭhina's tariff on soya beans left American soya bean farmers staring at major losses, and dependent on bailout money from the federal government to keep creditors at bay and to stay afloat as the US-China trade war grinds on.īut gestures by both countries in recent days were cause for cautious optimism, said Mr Kimberley - himself from a family that farms around 1,600ha of corn and soya bean. "There's 600,000 tonnes purchased yesterday, and there must have been another 204,000 tonnes today," Mr Kimberley said over the phone from the association's office in Des Moines.
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