President Donald Trump offers an optimistic view of trade talks with China.
Trump on Twitter Monday proclaimed:
“We are doing very well in our negotiations with China.”
Over the weekend, new tariffs were enacted by the United States and China, yet negotiators from China could still visit the U.S. this month.
A spokesperson for China’s Foreign Affairs Ministry says:
“What matters the most at this moment is creating necessary conditions for ongoing consultations.”
With the implementation of new tariffs, the American Farm Bureau Federation is urging both sides to focus on trade negotiations.
AFBF President Zippy Duvall says the Chinese tariffs are “no surprise,” but are “no more welcome than before.”
AFBF says farmers welcome the trade mitigation payments that are keeping some farms in business as the trade war continues, but says many “cannot withstand continued uncertainty in trade.”
The latest round of tariffs is expected to hit U.S. consumers the most, as practically every product shipped to the U.S. will face additional taxes.
