Posted on October 31, 2019

China may remove extra tariffs on US agriculture products so that importers can buy the goods they want, rather than being directed to purchase specific amounts.
The U.S. President Donald said earlier this month that China had pledged to spend between $40 billion and $50 billion on U.S. agricultural imports annually as part of a deal to end the trade war between China and the USA.
Beijing increased tariffs by 25% on a list of U.S. products, including soybeans and other grains in July last year. This was retaliation against import tariffs which Washington imposed on Chinese goods worth a similar value. China increased some tariffs again in September this year.

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