Insight Report 6 minutes PremiumUS-China Trade Issues: As Trade Talks Resume, Is a Resolution In Sight? Coresight Research July 10, 2019 Executive SummaryWe look at recent developments in the US-China trade dispute and implications for agriculture. On June 29, US President Donald Trump and Chinese President Xi Jinping met on the on the sidelines of the G20 summit and agreed to resume trade talks, leading to a temporary truce. The US committed to not levying additional tariffs on the $250 billion worth of Chinese imports already subject to a 25% levy, not to impose taiffs on a further $300 billion worth of Chinese goods that had previously been threatened with tariffs and a softened stance on Huawei. China promised to increase agricultural product purchases from the US. On July 4, China announced its position that all existing (additional) US tariffs must be removed as part of a deal, but the US insists some must remain as leverage to ensure China follows the terms of the deal. As a result, US agricultural exports are projected to fall some $1.9 billion in 2019, led by declining sales to China. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This WeekRetail 2024: US E-Commerce Technology Trends—Generative AI, Retail Media and Other Revenue-Generating Opportunities To Transform the Online LandscapeDecoding the GLP-1 Trend: How Is the Ozempic Economy Impacting CPG Retail?Weekly US and UK Store Openings and Closures Tracker 2024, Week 10: Rite Aid (US) and The Body Shop (UK) Confirm Further Store Closures