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00:00:00
just days after a trade truce with China the United States said talks will start back up next week , the data is not with us during the talks White House economic adviser Larry Kudlow spoke to reporters on Wednesday saying though terror of sunshine out won't be lifted the US is opening up when it comes to exports we are hoping that China well , purchasing , lord said have have services maybe maybe energy not done yet the local China might already be working on that according to a U. S. rice trade group a private importer in China last week bought US rice for the first time ever the C. forty tons of medium green rice has been mailed and packaged it's unclear whether the purchase was a good will gesture from Beijing but it comes after another big sale last week five hundred and forty four thousand tons of US soybeans China was a major buyer of US soybeans and pork before the trade war started and after his meeting with Chinese president xi Jinping trump said China had agreed to make new purchases of US farm products I look forward to working with you White House officials say talks are heading in the right direction but it would take time to make the right deal made president trump this week made clear what his expectations are so obviously we cant make a fifty fifty deal has to be a deal that is somewhat tilted to our advantage this all comes as the US trade deficit hit a five month high in may the commerce department on Wednesday said the trade deficit surged over eighty percent to fifty five point five billion dollars experts point to terrace on Chinese goods the increase in the trade deficit is entirely related to terrorists are what we what we saw imported in larger numbers were things that would otherwise be subject to terrorist things like automotive goods industrial goods capital goods machinery the type of things that %HESITATION white other with the subject later so there's a real incentive to get that stuff on the US shores now before terrace our flight the US still has twenty five percent tariff on two hundred and fifty billion dollars worth of Chinese products ranging from semi conductors to furniture