China orders firms to stop buying U.S. farm goods
China is striking back at the U.S. over Washington's punitive actions on Hong Kong. Sources tell Reuters Beijing has ordered state-owned firms to stop buying soybeans and pork from the U.S. Also put on hold: large volume purchases of U.S. corn and cotton. The sources said Beijing is ready to expand that list if Washington takes more action on Hong Kong. And under a worst case scenario, a source said Beijing will scrap the Phase 1 trade deal. Under that agreement signed in January, China had pledged to buy an additional $32 billion of U.S. ...
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