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Despite the trade woes in the 2017/2018 marketing year, farmers exported a record 2.6 billion bushels of USA soy and soy products.

USA officials said previous year the administration was considering sanctions against companies and officials linked to China's crackdown, including Xinjiang Party Secretary Chen Quanguo, a member of the Chinese leadership's powerful politburo.

One of the main points of contention in the Trump administration's efforts to reach a trade deal with China has been the supposed theft of US intellectual property by Chinese firms, but even if a future trade deal resulted in the Chinese paying an additional 25 percent in royalties for USA intellectual property, it would take three years of payments to make up for the damage inflicted on US companies by the first 11 months of Trump's trade war.

The largest percentage gainers in the main Shanghai Composite index were Shanghai Feilo Acoustics Co Ltd, up 10.13 percent, followed by Sichuan Hongda Co Ltd, gaining 10.12 percent and Sichuan Changhong Electric Co Ltd, up by 10.1 percent.

They also found the initial cost of Trump's duties to the US economy was in the billions and being borne largely by American consumers.

In a move meant to respond to Trump's repeated demands for a narrowing of America's trade gap with China, Beijing would also increase its purchases of USA goods, including a possible multi-billion-dollar buys of natural gas from the Cheniere Energy group. The tariffs are part of the tit-for-tat trade war a year ago when China retaliated over US tariffs by targeting agriculture.

In two separate papers published over the weekend, some of the world's leading trade economists declared Trump's tariffs to be the most consequential trade experiment seen since the 1930 Smoot-Hawley tariffs blamed for worsening the Great Depression. That's because shipments to China virtually halted when the trade war began.

President Trump is positive on the trade deal with China.

Trump says Cohen hearing may have hurt North Korea results
Kim with a patently unacceptable offer that left him no choice but to walk away. The North's main Rodong Sinmun newspaper previously reported that Mr.

Trump on Friday asked China to immediately remove all tariffs on US agriculture, though he didn't indicate if his demand was limited to retaliatory duties or more far-reaching.

Many details still needed to be worked out, including the terms of an enforcement mechanism to ensure that Beijing follows through on pledges to make changes to policies to better protect US intellectual property, end forced technology transfers and curb industrial subsidies.

"China and the United States reaching a mutually-beneficial, win-win agreement as soon as possible is not only good for the two countries, but is also good news for the world economy", said Guo Weimin, spokesman for the high profile but largely ceremonial advisory body to China's parliament.

Statements by the US president indicate the summit with his Chinese counterpart would be held in Mar-a-Lago in Florida, which the Journal places around March 27.

President Trump had further tweeted on Sunday, saying that he would delay imposing further tariffs on Chinese goods, as there is substantial progress on many top issues like technology transfer and intellectual property.

Benchmarks in Shanghai, Tokyo and Sydney advanced after Bloomberg News and The Wall Street Journal, citing unidentified sources, said China was offering to ease tariffs and other restrictions on US farm, chemical, auto and other products.

China is offering to lower tariffs on USA farm, chemical, auto and other products, the Journal said, citing people familiar with the situation.

Nick Marro, Hong Kong-based analyst at the Economist Intelligence Unit, said that Zhang's comments showed China did not want to give too much away in negotiations with the US.