China to lift punitive tariffs on US soybeans, pork
China will lift punitive tariffs imposed on US soybeans and pork in a trade war with Washington, a state news agency said Friday, adding to conciliatory gestures by the two sides ahead of negotiations.China will suspend tariff hikes on soybeans, pork and some other farm goods, the Xinhua News Agency said, citing the Cabinet planning agency and the Commerce Ministry.Beijing “supports domestic companies in purchasing a certain amount of US farm produce,” it said, but it gave no details.The move follows President Donald Trump’s decision Wednesday to postpone a planned…
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