The Pacific Coast Council https://www.pacificcoastcouncil.org/ reports that China is Responding to President Trump’s decision to slap 10% tariffs on more Chinese imports starting Sept. 1. China has announced it is halting purchases of U.S. farm products, letting its currency drop to its lowest level in more than a decade, more than 7 yuan to the dollar.
China issued a statement: “will not rule out import tariffs on newly purchased US agricultural products after August 3, and Chinese related companies have suspended purchasing US agricultural products,”
Here’s a google translate of China’s Statement.
- Posted by Joe DeSilvetri
- On August 7, 2019
- 0 Comments