This week, the Trump administration stated they were negotiating with China to find a solution to the tariff conflict President Trump amplified three weeks ago.
This week, the Trump administration stated they were negotiating with China to find a solution to the tariff conflict President Trump amplified three weeks ago.
Transcript
This week, the Trump administration stated they were negotiating with China to find a solution to the tariff conflict President Trump amplified three weeks ago.
President Donald Trump: “They had a meeting this morning…it doesn’t matter who ‘they’ is. We may reveal it later, but they had meetings this morning, and we’ve been meeting with China.”
The Chinese Foreign Ministry denies that talks are occurring, and demanded the removal of all unilateral tariffs.
Guo Jiakun, Chinese Foreign Ministry spokesperson: “This is all false information. As far as I know, China and the U.S. have not conducted consultations or negotiations on tariff issues, let alone reached an agreement. This tariff war was initiated by the U.S., and China's stance is consistent and clear. We will fight, if we must, and our doors are open if the U.S. wants to talk. Dialogue and negotiation must be equal, respectful and mutually beneficial.”
While higher tariff rates have been paused for most nations, tariffs on the import of Chinese goods remain at 145% percent.
Tariffs are paid by the companies that are importing goods, and the costs are usually passed on to consumers.
For Market to Market, I’m Peter Tubbs.
Watch More
Prices in the cattle complex — both high and low — get the attention of the Justice Department. One U.S. state grows 99% of the nation’s hazelnuts. It hasn't been easy. And, commodity market analysis with Kristi Van Ahn - Kjeseth.
The Department of Justice held a press conference this week to announce its launch of an investigation into the top four meatpackers over possible antitrust violations.
As the planters roll so does the Market Analysis with Kristi Van Ahn-Kjeseth on cold weather, fertilizer prices and trade talks.
Three big stories for next week are leading Kristi Van Ahn-Kjeseth in our Market Plus - China, acres and weather.
The Farm Bill clears the House with an unknown future. The Supreme Court takes up the issue of cancer warnings for RoundUp. Extremes in weather from tornadoes to rain to wildfires hit across the country. And, commodity market analysis with Arlan Suderman.
Cotton, Hormuz Straight, inflation, energies, the Mexican border closure, drought and the Fed's balance sheet are all topics covered in our Market Plus.