Illinois Fertilizer & Chemical Association
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China to exempt U.S. pork and soybeans from additional trade war duties, in response to Trump’s tariff delay

China has announced that it will exclude imports of U.S. soybeans, pork and other farm goods from additional trade war tariffs, opening the door for significant purchases of agricultural products.

The official Xinhua News Agency reported on Friday that China's National Development and Reform Commission and the Ministry of Commerce made the exemption in response to the U.S.’ decision of postpone an increase in the tariff rate on $250 billion of Chinese goods from October 1 to October 15.

It comes after U.S. President Donald Trump spoke on Thursday of the possibility of an “interim trade deal” over the coming weeks.

Beijing will allow Chinese businesses to purchase a “certain amount of farm products such as soybeans and pork” from the United States, according to the Xinhua report. “China’s market is big enough and there’s great potential to import high-quality U.S. farm products.”

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