The Chinese newspaper Global Times is reporting there won’t be a trade deal with the United States unless the U.S. cuts tariffs are cut first. This news story quotes a former Chinese commerce minister, saying China will purchase U.S. farm products, but the amount must be based on market demand. Last week, the two sides were reportedly very close to finalizing a trade deal, but that momentum stalled when President Trump signed legislation supporting Hong Kong protesters. China’s foreign ministry said that is a serious interference in an internal issue.
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