China will waive tariffs on some U.S. soybeans and pork imports as the world’s 2 biggest economies worked on an interim deal to end the 17-month-long trade war
: China will waive tariffs on some U.S. soybeans and pork imports as the world’s two biggest economies worked on an interim deal to end the 17-month-long trade war.
Beijing had promised in September to lift the tariffs that lifted taxes on soybeans imports to 33% from 3%, but the new tax exemption only applies to some firms and some imports. Washington and Beijing are currently ironing out an interim “phase one” deal to wind down the trade battle that has rattled markets, and has cost Chinese exporters and American farmers billions.
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