GFM Network News


China to waive tariffs on some U.S. soybeans, pork

Goodwill gesture is aimed at helping soothe ongoing trade tensions between the two nations

China has confirmed that it will waive import tariffs for some soybeans and pork shipments from the United States, as the two sides try to thrash out a broader agreement to defuse their protracted trade war. The tariff waivers were based on applications by individual companies, the Finance Ministry said in a statement, citing a

China expects its U.S. agricultural imports to fall sharply

Beijing | Reuters – China’s imports of U.S. agricultural products will fall sharply once Beijing implements retaliatory trade measures and the country is able to cover its demand for cooking oil and animal feed, vice agriculture minister Han Jun said on Friday. The trade dispute will have a limited impact on China’s agriculture sector, but hit its U.S. counterparts