China and the United States have just announced a pause in the escalation of the trade war waged by the two world powers for more than a year. Two days ago, Beijing announced that some US agricultural products would be exempt from customs duties. According to the official China News Agency, companies will be able to " buy a certain amount of soy and pork from the United States ".
Already Wednesday, September 11, Beijing had indicated its intention to cancel additional tariffs on sixteen categories of products imported from the United States. The cancellation of this Friday therefore extends the scope to US pork and soy .
This announcement is a new sign of appeasement from Beijing towards Washington. It is also a proof of their mutual goodwill. The two countries are trying to resume the dialogue around the trade talks scheduled for early October. Everyone hoping to find an agreement to defend his own interests.
On the side of Beijing, the exemption from customs surcharges on pork coincides with the spread of swine fever in the country, which considerably raises prices and forces it to import.
On the US side, this announcement is timely for the tenant of the White House in the middle of the campaign for the upcoming presidential elections. Indeed, the American farmers , powerful electoral base of Donald Trump, are for 18 months very affected by this commercial war .
In the process, the former real estate giant announced that it postponed for October 15 the increase in tariffs on the 250 billion Chinese products.
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