The move is seen as a conciliatory gesture toward the United States days after President Trump delayed tariff increases of his own.
BEIJING – China said on Friday, Sept. 13, it was cancelling planned tariff increases on American soybeans and pork, the latest sign of a diplomatic thaw in the U.S.-China trade war that could lead to an interim agreement this fall.
Chinese importers in recent days resumed purchases of American soybeans for the first time since this spring when Beijing called a halt. That standoff was part of China’s retaliation against tariffs President Donald Trump had imposed on numerous Chinese products.
China now will “support domestic companies in the purchase of soybeans and pork from the U.S.,” Chinese state media outlets reported Friday, citing an unnamed official.
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