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Market Chatter: US Expects China to Buy "Double Digit Billion" Worth of US Farm Goods After Trump-Xi Meeting

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U.S. Trade Representative Jamieson Greer expects China to agree on purchasing "double-digit billion" worth of U.S. farm goods at the close of the meeting between President Donald Trump and Chinese President Xi Jinping, Bloomberg News reported Friday.

Among the products expected to be imported from the U.S. are soybeans, Greer told Bloomberg Television in an interview.

U.S. officials considered the establishment of a Board of Trade ahead of the meetings. The board would manage commercial ties through the mitigation of duties and trade barriers on non-critical products, the report said.

Greer also downplayed Xi's warnings over the mishandling of issues surrounding Taiwan, saying that the meeting's tone might not have been as sharp, according to the media outlet.

Moreover, Greer said semiconductor export controls were not a key topic during the U.S. and China meeting, despite Nvidia's chief executive officer, Jensen Huang, being part of the U.S. delegation in the last minute, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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