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China To Implement Tariff Waivers For Purchase Of Soybean, Pork From US - Xinhua
China To Implement Tariff Waivers For Some Purchases Of Soybeans, Pork From US - Xinhua
— LiveSquawk (@LiveSquawk) December 6, 2019
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#US President Trump is asking #China to buy $40 bn to $50 bn farm goods a year, significantly higher than $8.6 bn purchase last year.
— YUAN TALKS (@YuanTalks) December 6, 2019
US also demand China publicly announce its purchasing plans and say they wouldn't depend on market conditions or China's trade obligations. (WSJ)
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China working on tax exemptions for US soybean, pork imports
China is working on tax exemptions on part of the soybeans and pork imported from the United States in light of applications submitted by related enterprises, the Customs Tariff Commission of the State Council said Friday. The commission will dedicate a range of goods to be excluded from tariff countermeasures against the US Section 301 measure, it said. According to domestic needs, Chinese enterprises import a certain amount of goods from the United States through market-based procurement. The enterprises are expected to purchase goods eligible for exemption on the basis of independent negotiation, import as they ... (full story)
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