U.S. Trade Ambassador Robert Lighthizer says the 90-day timeline for negotiating a trade agreement with China is a “hard deadline.” If a resolution is not done by the end of the 90 days, the U.S. will increase tariffs on Chinese products from 10 percent to 25 percent. During the recent meeting between President Trump and Chinese President Xi, China reportedly agreed to make significant purchases of U.S. farm commodities. The markets are closely monitoring the situation for any movement in that direction.
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