Trump Makes More Unsubstantiated Promises, But Could He Be Just Stalling?

Trump Makes More Unsubstantiated Promises, But Could He Be Just Stalling?

Perdue also said the second and third tranches, with exact amounts yet to be decided, will be dependant on the progress in the trade talks and whether the US will get a deal with China.

Agriculture Secretary Sonny Perdue said the bulk of the funds will go to direct payments to crop and livestock producers, while a small portion will be used to purchase food to use in United States aid programs like food banks and school lunch programs.

"Negotiations can only continue on the basis of equality and mutual respect", Chinese Commerce Ministry spokesman Gao Feng reportedly said.

Earlier this month the U.S. increased tariffs on $200 billion (Sh20 trillion) worth of Chinese imports from 10 percent to 25 percent after the two sides failed to reach a deal on trade.

"I guess we would make more of an effort to get something planted", Hefner said.

Trump said, 'Huawei is something that is very unsafe'.

The trade dispute has snowballed into a tech war, with Huawei at the epicenter of a battle for supremacy in technologies that could shape the future of the world economy, such as next-generation 5G networks in which the Chinese firm is a global leader.

Last year, Trump extended a political pay-back to farmers hurt in the trade war with a $12 billion dollar aid package.

Such a move would be welcomed by China which has urged the U.S. to "correct their wrong actions" if they want to continue trade talks.

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Chinese ambassador to Namibia, Zhang Yiming has expressed concern the tit-for-tat trade war between China and the U.S. could result in a global economic crisis.

U.S. President Donald Trump said on Thursday that U.S. complaints against Huawei might be resolved within the framework of a U.S.

"It's possible that Huawei even would be included in some kind of trade deal", Trump said.

They have focused on USA agricultural exports in a direct shot at Trump's supporters in rural America. Stepping up a propaganda offensive against Washington, China's state media on Friday accused the USA of seeking to "colonize global business" by targeting telecom equipment giant Huawei and other Chinese companies.

Lu said he did not know what Trump was talking about. In a news release, the American Soybean Association said that "a second round of financial support to offset farm losses is only a partial and temporary Band-Aid and not a permanent solution for soy growers who have lost their number one export market since tariffs were implemented by both countries".

China's tone has become more belligerent since the United States escalated the trade war.

The USDA said the timing of the announcement was not meant to skew planting decisions for farmers. It previously warned this massive escalation by Trump will ignite an all-out trade war few imagined could come to pass. But right now a lot of companies are moving out of China because of the tax. The latest round of talks ended with no resolution, prompting the Trump administration to slap the new tariffs on China, and China to retaliate with tariffs of its own. Economists refer to this as "dead weight", and according to the NY Fed's research, the 10 percent tariffs cost the USA economy $1.4 billion a month in dead weight, along with the $3 billion a month paid in tariffs.

China retaliated by announcing plans to raise levies on $60bn of U.S. imports from 1 June. In addition, he said China's gross domestic product (GDP) growth rate has remained 6.4 percent to 6.8 percent in recent 14 consecutive quarters, achieving a medium-to-high-speed growth as a large economy.

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