The halt is the latest sign that the hard won phase-one trade deal between the world’s two biggest economies is in jeopardy. Photo: ReutersThe halt is the latest sign that the hard won phase-one trade deal between the world’s two biggest economies is in jeopardy. Photo: Reuters
The halt is the latest sign that the hard won phase-one trade deal between the world’s two biggest economies is in jeopardy. Photo: Reuters

China orders state traders to stop buying American farm goods, threatening phase one trade deal

  • Bloomberg reported China paused purchases of some American farm goods including soybeans as Beijing evaluates the ongoing tensions with the US over Hong Kong
  • State-owned traders Cofco and Sinograin were ordered to suspend purchases, according to sources, throwing a new spanner in the works of the phase one deal
Topic |   US-China trade war
The halt is the latest sign that the hard won phase-one trade deal between the world’s two biggest economies is in jeopardy. Photo: ReutersThe halt is the latest sign that the hard won phase-one trade deal between the world’s two biggest economies is in jeopardy. Photo: Reuters
The halt is the latest sign that the hard won phase-one trade deal between the world’s two biggest economies is in jeopardy. Photo: Reuters
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