BEIJING, CHINA — Chinese government officials are meeting with state and privately-owned soybean buyers to discuss plans to increase purchases of U.S. supplies, Bloomberg reported.
The government met with companies on July 19 in Beijing to discuss the plan, which could include waiving retaliatory tariffs on U.S. imports, Bloomberg reported citing people who asked not to be identified.
The government is asking for feedback from the companies and the proposal is subject to change.
The plan adds to signs that Beijing is prepared to make a number of goodwill gestures in order to make progress in trade talks that have yielded little since the U.S. and Chinese leaders met in Osaka last month.
China and the U.S. have been locked in a trade war during which U.S. President Donald trump has imposed 25% tariffs on $200 billion of Chinese goods. In response, China increased levies on billions of dollars of products imported from the U.S.