Global  

China to exempt U.S. pork, soybeans from tariffs

Video Credit: Reuters - Politics - Duration: 01:21s - Published
China to exempt U.S. pork, soybeans from tariffs

China to exempt U.S. pork, soybeans from tariffs

China will exempt some U.S. agricultural products from additional tariffs, China’s official Xinhua News Agency said Friday, in the latest sign of easing tensions before a new rounds of talks.

Yahaira Jacquez reports.

China won't impose additional tariffs on American soybeans, pork and other farm goods, in what appears to be another move to de-escalate the trade war before the two countries re-launch talks.

That's according to China's official Xinhua news agency, which also said Beijing supports buying certain amounts of U.S. agricultural products.

Beijing's move may bring some desperately-sought relief for American farmers, who have been suffering since China imposed 25% duties on agricultural products last year and then raised them again on September 1st.

Both Washington and Beijing this week have appeared to dial down their trade fight.

First, China waived tariffs on some U.S. goods, U.S. President Donald Trump then followed, with plans to delay a tariff hike on about $250 billion of Chinese goods.

For China, the easing of American pork imports may also be due to an outbreak of African swine fever.

The disease has decimated China's hog population, leaving the country desperate for supplies from overseas.




You Might Like

Related news from verified sources

U.S. And China Could Close ‘Mini Trade Deal’

The U.S. and China are scrambling to ease tensions in an effort to head off another escalation in the...
OilPrice.com - Published

China to exempt US pork and soybeans from added tariffs: state media

Beijing (AFP) Sept 13, 2019 China said Friday that some high-profile US agricultural products...
Terra Daily - Published Also reported by •Reuters IndiaSeattlePI.com


China says it will exclude soybeans and pork from additional tariffs, marking a huge win for US farmers in the trade war

China says it will exclude soybeans and pork from additional tariffs, marking a huge win for US farmers in the trade war · *China announced via its Xinhua News Agency that it would not impose additional tariffs on...
Business Insider - Published Also reported by •SeattlePI.com



Tweets about this


Related videos from verified sources

China says ready to buy more U.S. goods [Video]

China says ready to buy more U.S. goods

China's top diplomat Wang Yi on Thursday urged a show of goodwill ahead of trade talks with the U.S. next month. He said China, for its part, was willing to step up purchases of American products. Eve..

Credit: Reuters Studio     Duration: 01:13Published
Trump Said Trade Deal With China Could Come Soon [Video]

Trump Said Trade Deal With China Could Come Soon

President Donald Trump said a deal ending a trade war with China may come sooner than people think. He said China was making big agricultural purchases from the U.S., including beef and pork. According..

Credit: Wochit     Duration: 00:32Published
Jim Cramer: Approach U.S.-China Trade Headlines With Caution-13-19_JC_TRADE [Video]

Jim Cramer: Approach U.S.-China Trade Headlines With Caution-13-19_JC_TRADE

Another day, another trade headline. Or...three or four. Yesterday, Wall Street got a couple of different headlines from President Trump -- including a 15-day delay on tariffs that were expected to go..

Credit: The Street     Duration: 01:04Published