US Farmers Suffer ‘Body Blow’ as China Slams Door on Farm Purchases
Chinese companies have stopped buying U.S. agricultural products, China’s Commerce Ministry said on Tuesday, a blow to U.S. farmers who have already seen their exports slashed by the more than year-old trade war. China may impose additional tariffs on U.S. farm products bought shortly before the purchase ban took effect, China’s Commerce Ministry said. China also let the yuan weaken past the key 7-per-dollar level on Monday for the first time in more than a decade. Before the trade war started, China bought $19.5 billion worth of farm goods in 2017, mainly soybeans, dairy, sorghum and pork. The trade war reduced those sales to $9.1 billion in 2018, according to the American Farm Bureau. China’s Ministry of Commerce said in a statement it hoped the United States would keep its promises and create the “necessary conditions” for bilateral cooperation. U.S. President Donald Trump said on Thursday that Beijing had not fulfilled a promise to buy large volumes of U.S. farm products and vowed to impose new tariffs on around $300 billion of Chinese goods, abruptly ending a truce in the Sino-U.S. trade war. Earlier, China’s state broadcaster CCTV reported an official from China’s National Development and Reform Commission (NDRC) as …