Categories: Market Overview

Trump asks China to immediately remove tariffs against US agricultural products

President Donald Trump said he has asked China to immediately remove all tariffs on U.S. agriculture, including beef and pork, citing progress in trade talks between the two nations. In making the demand, Trump noted in a tweet Friday that he refrained from increasing U.S. tariffs on Chinese goods to 25 percent from 10 percent on March 1, as he said he would in the absence of progress toward an agreement. Faxes and phone calls to China’s ministries of commerce and foreign affairs, and the office in charge of trade talks, went unanswered Saturday outside office hours.

China imposed retaliatory tariffs on American agricultural products last year, though Trump did not indicate that his demand was limited to those penalties. Soybeans, as well as beef, pork and chicken products were on the first batch of retaliatory tariffs on $34 billion worth of imports imposed in July, and were subject to an extra 25 percent duty.

It’s unclear what effect Trump’s demand could have on ongoing talks, which the president signaled earlier this week were moving toward an agreement. American officials are preparing a final trade deal that Trump and China’s President Xi Jinping could sign within weeks, people familiar with the matter have said, even as a debate continues in Washington over whether to push the Beijing government for more concessions.

Trump Asks China to Immediately Remove Agricultural Tariffs, Bloomberg, Mar 02

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

2 days ago

Exxon Mobil Wave Analysis – 9 January 2026

Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…

2 days ago

Pro News Weekly: Dollar Rebounds as Markets Test New Limits

Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…

2 days ago

Geopolitics will destroy the euro

•    EURUSD falls due to geopolitics and expectations of tariff removal •    Gold returns to…

3 days ago

Platinum Wave Analysis – 8 January 2026

Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…

3 days ago

Baidu Wave Analysis – 8 January 2026

Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…

3 days ago

This website uses cookies