China is planning to exempt some US soybeans and pork products from tariffs, a move that could take some heat out of talks aimed at agreeing on a truce in the trade war.
Hong Kong
The country's finance ministry said Friday that it would waive taxes levied on some imports once companies had applied for exemptions. It did not specify which, or how many, goods would be exempted.China has extended an olive branch on this front before: in September, Beijing announced it would exclude some soybeans and pork products from its newest tariffs.Trade in soybeans and pork has been hit hard as tensions have escalated between the world's two largest economies.
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