U.S.-China Trade Friction China's procedure for excluding soybeans and pork from customs duties on December 6, 18:33
The Chinese government revealed that it is proceeding with procedures to exclude soybeans and pork from items subject to tariffs due to trade friction with the United States. It seems that some may aim to take a close approach to avoid triggering additional tariff measures planned by the United States on the 15th of this month.
The Chinese government announced that it is proceeding with procedures to exclude soybeans and pork from items subject to tariffs due to trade friction with the United States.
This measure was formally admitted that the Chinese state media reported as related sector information in September, but was proceeding as a government.
The US and China agreed in some areas, such as the expansion of imports of American agricultural products by China, at a ministerial level negotiation in October, and proceeded discussions to sign the formal agreement.
However, there are gaps in the scope of partial abolition of tariffs associated with the agreement, and there are views that trade negotiations will be adversely affected by deepening conflict between the United States and China over the human rights issues of Hong Kong and Uyghurs.
China is likely to have a compromise approach to avoid the triggering of additional tariffs planned by the United States on the 15th of this month.