Left Menu
Development News Edition

China to exempt U.S. pork, soybeans from additional tariffs - Xinhua

Reuters | Beijing | Updated: 13-09-2019 16:26 IST | Created: 13-09-2019 15:44 IST
China to exempt U.S. pork, soybeans from additional tariffs - Xinhua
Image Credit: Pixabay

China will exempt some agricultural products from additional tariffs on U.S. goods, China's official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new rounds of talks aimed at curbing a bruising trade war.

The United States and China have both made conciliatory gestures, with China renewing purchases of U.S. farm goods and U.S. President Donald Trump delaying a tariff increase on certain Chinese goods. China had imposed additional tariffs of 25% on U.S. agricultural products including soybeans and pork in July 2018. It raised tariffs on soybeans by a further 5% and on pork by a further 10% on Sept. 1.

"China supports relevant enterprises buying certain amounts of soybeans, pork and other agricultural products from today in accordance with market principles and WTO rules," Xinhua said, adding that the Customs Tariff Commission of China's State Council would exclude additional tariffs on those items. China has "broad prospects" for importing high-quality U.S. agricultural goods, Xinhua reported, citing unnamed authorities.

"It is hoped that the U.S. will be true to its words and fulfill its promise to create favourable conditions for cooperation in agricultural areas between the two countries," the report said. Before the announcement of additional tariff exemptions, Chinese firms bought at least 10 boatloads of U.S. soybeans on Thursday, the country's most significant purchases since at least June.

Lower-level U.S. and Chinese officials are expected to meet next week in Washington before talks between senior trade negotiators in early October. President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact.


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

COVID-19 smartphone app finally launches in England and Wales

England and Wales launch a COVID-19 smartphone app on Thursday, allowing users to trace contacts, check the local level of risk and record visits to venues such as pubs, four months after the technology was promised to the public. The NHS C...

Proposed Nicaragua law could muffle dissent

Nicaraguas governing party is pushing a bill that would require people, businesses and non-governmental groups that receive money from outside the country to register as foreign agents, saying it is an attempt to prevent foreign interferenc...

Trump says may or may not approve stricter FDA guidelines for COVID-19 vaccine

U.S. President Donald Trump said on Wednesday he may or may not approve potentially new, more stringent standards for an emergency authorization of a COVID-19 vaccine by the U.S. Food and Drug Administration, saying such a move would appear...

Anger, tears for protesters seeking justice for Taylor

Angry, confused and shedding tears, demonstrators who spent months calling for justice in the fatal police shooting of Breonna Taylor resumed their protests Wednesday after prosecutors announced a single officer had been indicted -- but not...

Give Feedback