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China to remove trade war tariffs on US-imported soy, pork
来源：http://shippingazette.com/menu.asp?encode=eng 编辑：编辑部 发布：2019/12/10 09:01:10
CHINA plans to scrap retaliatory tariffs on imports of US pork and soy by domestic companies, a step that may signal a broader trade agreement with the US is drawing closer, reported Bloomberg.
China's finance ministry said it has started to process the applications after the firms purchased a certain amount of US goods based on its needs. The ministry is working to waive the tariffs resulting from the trade war on those goods, it said in a statement.
American and Chinese negotiators have signalled that they may be drawing closer to agreeing on phase one of a broader accord that would resolve the trade dispute. However, President Donald Trump has said that he wouldn't mind if it takes until after the 2020 US election, and that a threatened December 15 tariff hike will proceed if the talks fail to yield a deal he likes.
China began issuing waivers on American soybeans, cotton, corn, sorghum and pork as the Asian nation sought to press forward on a trade deal.
Still, unless new quotas for waivers are issued, US exporters may not see a huge inflow into China. Buyers have used up all of its waivers to purchase American soybeans, people familiar with the matter told Bloomberg.
China's finance ministry said it has started to process the applications after the firms purchased a certain amount of US goods based on its needs. The ministry is working to waive the tariffs resulting from the trade war on those goods, it said in a statement.
American and Chinese negotiators have signalled that they may be drawing closer to agreeing on phase one of a broader accord that would resolve the trade dispute. However, President Donald Trump has said that he wouldn't mind if it takes until after the 2020 US election, and that a threatened December 15 tariff hike will proceed if the talks fail to yield a deal he likes.
China began issuing waivers on American soybeans, cotton, corn, sorghum and pork as the Asian nation sought to press forward on a trade deal.
Still, unless new quotas for waivers are issued, US exporters may not see a huge inflow into China. Buyers have used up all of its waivers to purchase American soybeans, people familiar with the matter told Bloomberg.