Trade talks between the United States and China are set to resume on October 10, 2019 in Washington, D.C., in order to determine if the two countries can make a plan to lead them out of the current trade war. On Wednesday, September 25, 2019, President Trump said that a deal to end the nearly 15-month trade war with China could happen sooner than people think. He also indicated that the Chinese were making significant agricultural purchases from the United States, including purchases of beef and pork. Chinese commerce ministry spokesman, Mr. Gao Feng, confirmed that China had purchased pork and soybeans from the United States.
So far, over 30,000 exclusion requests have been filed by importers and companies with the US Trade Representative for the Section 301 China Tariffs (Lists 1-3).
|Lists 1-3 Combined
Simultaneously, China is creating internal procedures for rolling out an “unreliable entity list.” This will be used by China to punish companies that it believes have undermined China’s national interests. This is viewed as a convenient tool for retaliating against U.S. sanctions on Chinese tech firms such as Huawei.