China Said to Propose $30 Billion More U.S. Agriculture Imports

The transcript discusses China's proposal to increase agricultural purchases from the US, aiming to add $30 billion on top of pre-trade war levels. It highlights the ongoing negotiations in Washington, focusing on five memorandums of understanding, including agricultural purchases, services, and intellectual property. The transcript also covers China's ban on Australian coal imports through the Dalian port, speculating on whether it is a retaliatory move due to Australia's ban on Huawei 5G equipment. The situation is still developing, with Australian officials seeking clarity.

What was the value of US agricultural products purchased by China in 2017 before the trade war?

• $16 billion

• $24 billion

• $40 billion

• $30 billion

Which of the following is NOT one of the areas covered by the MOUs discussed in the US-China trade negotiations?

• Non-tariff barriers

• Agricultural purchases

• Intellectual property

• Military cooperation

What is the expected outcome of the meeting between the Chinese Vice Premier and President Trump?

• No significant progress

• Major structural changes in trade policies

• Signing of a final trade deal

• Immediate removal of all tariffs

What percentage of Australia's total coal exports to China is affected by the Dalian port ban?

• 5%

• 10%

• 1%

• 2%

What is one possible reason for China's restriction on Australian coal imports?

• Shortage of coal in China

• Increase in coal prices

• Australia's support for Huawei

• Environmental inspections