China eases tariff hikes on farm products

News

September 13, 2019 - 5:18 PM

BEIJING (AP) — China will lift punitive tariffs imposed on U.S. soybeans and pork in a trade war with Washington, a state news agency said Friday, adding to conciliatory gestures by the two sides ahead of negotiations.

China will suspend tariff hikes on soybeans, pork and some other farm goods, the Xinhua News Agency said, citing the Cabinet planning agency and the Commerce Ministry. Beijing “supports domestic companies in purchasing a certain amount of U.S. farm produce,” it said, but it gave no details.

The move follows President Donald Trump’s decision Wednesday to postpone a planned Oct. 1 tariff hike on Chinese imports to Oct. 15.

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