The agreement between China and the United States on resolving the trade war is "going well," President Trump said, although US tariffs may remain in effect for some time to ensure that China complies with the terms of the agreement.

The trade war stopped the export of US food and agricultural products and drove China out of the usual place of the leading importer of these goods.

China offered to buy large volumes of American products, including agricultural products, as part of a general agreement to reduce the trade balance with the United States. Two senior US officials, Treasury Secretary Steve Mnuchin and sales representative Robert Lightheiser, are expected to join the talks in the United States and China next week. China has introduced return tariffs for US goods, and farmers see the lifting of US tariffs as a step towards normal recovery. trade.

China’s promise to purchase US $ 30 billion worth of agricultural exports annually could result in less losses than expected. The U.S. Department of Agriculture estimates that this year, China will buy US $ 9 billion worth of agricultural exports, a low starting point. US farm exports are projected to reach $ 141.5 billion this fiscal year, compared to $ 143.4 billion. dollars in fiscal year 2018.