Photo: Darley Shen / Reuters
China suspends purchase of soybeans from the US on the background of aggravation of the confrontation between the two countries because of the failure of trade negotiations. This writes Bloomberg with reference to sources.
The last time trade talks between Washington and Beijing took place in may 2019 and failed. According to their results, the us imposed duties on Chinese imports in the amount of $ 200 billion. China as part of the response raised their own tariffs on American goods 60 billion. The American President Donald trump instructed to study the increase of duties on the rest of the Chinese imports, which is estimated at $ 300 billion.
After that, the American President also imposed a state of emergency to ensure information and communication security. It implies that American companies are now not allowed to use telecommunications equipment that produced the company representing a threat to U.S. national security. In the list of such companies were Chinese Huawei. After that, Beijing said it was ready to use in commercial opposition to its position as the main global supplier of rare earth metals.
Video, photo All from Russia.