BloombergChina yesterday was in the process of waiving retaliatory tariffs on imports of US pork and soy by domestic companies, a procedural step that might also signal that a broader trade agreement with the US is drawing closer. The ministry is working to waive the tariffs resulting from the trade dispute on those goods, it said in a statement. China began issuing waivers on US soybeans, cotton, corn, sorghum and pork as the Asian nation sought to press forward on a trade deal. Still, unless new quotas for waivers are issued, US exporters might not see a huge inflow into China. Buyers have used up almost all of their waivers to purchase US soybeans, people familiar with the matter told reporters earlier this week.

Source: Taipei Times December 06, 2019 15:56 UTC