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Saturday, September 14, 2019

China to lift punitive tariffs on U.S. soybeans and pork before new round of talks to curb a bruising trade war

China will exempt some agricultural products from additional tariffs on U.S. goods, including soybeans and pork, in the latest sign of easing tensions before a new rounds of talks aimed at curbing a bruising trade war.

The United States and China have both made conciliatory gestures, with China renewing purchases of U.S. farm goods and U.S. President Donald Trump delaying a tariff increase on certain Chinese goods.

A state news agency said Friday that China will now lift punitive tariffs imposed on U.S. soybeans and pork.

The Xinhua News Agency, citing unidentified official sources, said soybeans, pork and some other farm goods will be exempt from tariff hikes.

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1 comment:

Anonymous said...

That’s only because 1/2 their pig population died from swine flu. They have no choice on this part.