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Xinhua: China to Lift Tariffs on US Soybeans, Other Farm Goods


Saturday, 14 September 2019 02:18 WIB

Global


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China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month.

The announcement, reported Friday by China's Xinhua news agency, is the latest in a series of recent conciliatory gestures the world's two largest economies have taken to curb their ongoing trade war.   

On Thursday, Chinese Commerce Ministry spokesman Gao Feng said China was looking into purchasing U.S. agricultural goods such as pork and soybeans.

Gao also voiced hope the two sides will continue to create favorable conditions for the upcoming trade talks in Washington.

China previously imposed tariffs of 25 percent on U.S. farm goods and ordered importers to stop buying soybeans, the largest U.S. export to China. Beijing did not indicate Friday whether soybean purchases would resume.

Beijing's tariffs were imposed in response to U.S. President Donald Trump's tariff increases on Chinese products.

On Wednesday, however, Trump announced he was postponing tariffs on $250 billion in Chinese goods from Oct. 1 to Oct. 15.

He said on Twitter that Chinese Vice Premier Liu He had asked for the delay because of celebrations for the 70th anniversary of the People's Republic of China on Oct. 1.

Source : VOA


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