China orders state traders to stop buying American farm goods, threatening phase one trade deal

//China orders state traders to stop buying American farm goods, threatening phase one trade deal

China orders state traders to stop buying American farm goods, threatening phase one trade deal

Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the US over Hong Kong, according to people familiar with the situation.State-owned traders Cofco and Sinograin were ordered to suspend purchases, according to one of the people, who asked not to be identified discussing a private matter. Chinese buyers have also cancelled an unspecified number of…

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By | 2020-06-01T10:57:22+00:00 June 1st, 2020|Headlines|Comments Off on China orders state traders to stop buying American farm goods, threatening phase one trade deal