KEY POINTS
  • China has halted imports of U.S. agricultural products, Bloomberg News reported.
  • Trump announced last week 10% tariffs on the remaining $300 billion in Chinese imports, accusing Beijing of not following through with its promise to resume purchasing farm products.
  • Trump has ordered up a $16 billion aid package to U.S. farmers to help them during the trade battle.

China has halted imports of U.S. agricultural products, Bloomberg News reported, citing people familiar with the situation.

This hits at a sensitive issue for President Donald Trump. The president claimed that he had secured large quantities of agricultural purchases when he met with President Xi Jinping at the G-20 summit in June. He later accused China of not following through with those purchases, leading him to announce on Thursday 10% tariffs on the remaining $300 billion in Chinese imports.