Bloomberg Pledges to De-Escalate U.S. Trade Tensions with China
- Former New York mayor releases agriculture and trade proposal
- Bloomberg would re-engage allies and WTO to pressure Beijing
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Democratic presidential candidate Michael Bloomberg is pledging to de-escalate trade tensions with China and negotiate lower tariffs on soybeans, cotton and other goods as part of an agriculture policy he said will prioritize cooperation with allies to pressure Beijing.
Bloomberg says in a released Friday that while President Donald Trump is touting the initial phase of a trade deal with China signed last month, his trade war has slashed U.S. farm exports, especially soybeans, that are unlikely to recover as much as promised.