China has agreed to buy more soybeans from the United States.
U.S. President Donald Trump called it good news for farmers and said at the end of two days of negotiations, “we‘re going to have a great trade deal.”
Wall Street Journal reported that China said it would buy five million tonnes a day, but others say there has been no specific promise of a quantity.
There was no mention of pork, another major U.S. export his by Chinese tariffs in retaliation for U.S. tariffs.
Negotiators are trying to reach a deal before March 1 when Trump has said tariffs of 10 per cent will jump to 25 per cent on Chinese goods.
In recent days, there have been more reports about Chinese theft of intellectual property and business information, increasing concerns about internet security and new telephone and communications systems China is exporting.
Former U.S. President Barrack Obama’s administration negotiated an end to Chinese theft of intellectual property and information, but security experts say that only lasted a little more than a year and China has resumed widespread thefts.
Huawei is at the centre of these concerns as it prepares to roll out the next generation of communications equipment.
The U.S. has charged a number of Hauwei executives and is seeking extradition of executive Meng Wanzhou from Canada.
