Deputy level US-China trade talks stated yesterday in Washington in preparation for the top level meeting next month. It’s reported that agriculture was having a disproportionate amount of time in the discussions. But there is not official confirmation of the news. Yet separately, Agriculture Department Secretary Sonny Perdue said yesterday that Chinese officials will visit American farms next week as part of efforts to “build goodwill.” But he wasn’t sure if China will announcement any purchases during the visit.
At the same time, Commerce Secretary Wilbur Ross reiterated that the administration is pushing for something “more complicated than just buying a few more soybeans.” He told Fox Business Network that “what we need is to correct the big imbalances, not just the current trade deficit, but also the structural imbalances, the impediments to market access, disrespect for intellectual property, forced technology transfers.”
