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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

China Makes Token Concessions on Trade

09/13/2019

Consistent with past practice, China has announced that some U.S. products will be exempt from tariffs in advance of sub-ministerial meetings in late September.  Sixteen products were exempted including drugs for cancer therapy, lubricants, fish meal and whey. On Friday September 13th China announced that additional tariffs on some agricultural products including soybeans and pork would not be imposed through September 2020.

 

On September 13th China announced that additional tariffs on some agricultural commodities including soybeans and pork would be deferred until September 2020. The announcement stimulated interest by importers

 

The concession by China was welcomed by the White House. The U.S. will reciprocate by delaying previously announced tariff increases until mid-October.


 
Copyright 2019 Simon M. Shane