How China could avoid Trump's latest tariffs
Story Date: 8/5/2019

 

Source: POLITICO'S MORNING AGRICULTURE, 8/5/19

White House economic adviser Larry Kudlow indicated that Trump could change his mind about the new duties announced against China last week if Beijing purchases more U.S. farm goods. Kudlow, during an interview with Bloomberg Television on Friday, said:

"I would say from our talks internally that that would be a plus. That would be a very good plus, if they start buying agricultural products in size."

But it might require a lot more than ag purchases. White House trade adviser Peter Navarro, in an interview on Fox News Sunday, said China must end its "seven deadly sins" to avoid the new tariffs: "Stop stealing our intellectual property. Stop forcing technology transfers. Stop hacking our computers to steal our trade secrets. Stop dumping into our markets and putting our companies out of business. Stop their state-owned enterprises from [receiving] heavy subsidies. Stop the fentanyl. Stop the currency manipulation."

What's next? The administration on Sept. 1 will impose tariffs of 10 percent against roughly $300 billion in Chinese imports. A Chinese delegation is set to visit Washington next month for more face-to-face negotiations.

The European Food Safety Authority determined there's no safe exposure level for chlorpyrifos, paving the way for its license not to be renewed at the EU level, reports POLITICO Europe's Eddy Wax. The move follows the EPA's announcement last month that it won't ban the insecticide, after rejecting a petition by environmental groups that cited research showing it has the potential to damage brain development in children.

























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