China to Issue Tariff Exemptions for US Ag Imports 'More Frequently,' Report Says
China plans to issue tariff exemptions to importers of U.S. agricultural goods on a “more regular basis” after the phase one U.S.-China trade deal was reached, according to a Dec. 17 report from Bloomberg News. China announced earlier this month…
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it would be issuing tariff waivers for soybeans and pork (see 1912060033), which are now expected to be “handed out more frequently,” the report said. The move will “make it less punitive” for Chinese importers to buy from U.S. agricultural exports to help fulfill China’s obligations under the phase one deal, Bloomberg said.