US President Donald Trump threatened extra tariffs from September 1, partly because China is not buying enough US produce. Photo: Bloomberg

China disputes Donald Trump’s claim over US farm product purchases

  • Senior economic planner says agricultural orders have been placed, but if they are down it is due to market conditions, not politics
  • US President Donald Trump threatened extra tariffs from September 1, partly because China is not buying enough US produce
Topic |   US-China trade war

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US President Donald Trump threatened extra tariffs from September 1, partly because China is not buying enough US produce. Photo: Bloomberg
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Chinese Vice-Premier Liu He (second right) met with US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin in Shanghai last week. Photo: Reuters

China’s ‘weaponised’ yuan, report of suspended US farm purchases create grim outlook for trade talks

  • Beijing allowed the yuan to weaken beyond the political significant exchange rate of 7 to the US dollar on Monday morning
  • China has also reportedly cancelled orders for US farm products in response to Donald Trump’s threat of increased tariffs on Chinese goods
Topic |   Currency war

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Chinese Vice-Premier Liu He (second right) met with US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin in Shanghai last week. Photo: Reuters
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