US lists goods for lower tariffs under China trade deal
The White House has released lists of goods that could receive lower tariffs under a new trade arrangement with China affecting $30 billion in products. Read More: https://punchng.com/us-lists-goods-for-lower-tariffs-under-china-trade-deal/
The White House has released lists of goods that could receive lower tariffs under a new trade arrangement with China. The arrangement affects $30 billion in products.
China is set to cut tariffs on a broad range of US agricultural goods, including corn, wheat, meat, and dairy products. The list of tariff reductions, issued by China's commerce ministry, covers sorghum, vegetable oils and meals, including soyoil and soymeal.
US soybeans, however, still face an additional tariff of 10%, according to The Korea Times and Free Malaysia Today. Chinese state-run agricultural companies Sinograin and COFCO have bought more than 12 million metric tons of US soybeans, nearly half the 25 million the White House has said Beijing committed to buying annually.
Brief written by urgent.news from Punch Nigeria, Punch, The Korea Times, Free Malaysia Today — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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