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China exempts U.S. agricultural products from tariffs after reports of potential interim trade deal

“China had imposed additional tariffs of 25% on U.S. agricultural products including soybeans and pork in July 2018” writes Clive Mckeef for marketwatch.com. President Trump said Thursday that he would prefer to get a whole deal done, but US could consider an interim agreement.China made further concessions to the U.S. on international trade on Friday, adding agricultural products like soybeans and pork to the list of imports exempted tariffs, as prospects for at least an interim deal to resolve the two year old trade dispute improve.The better headlines on the U.S. – China trade dispute , along with moves by world central bank to lower interest rates has helped to push up U.S. stocks this week back to near record highs.
 
Source: marketwatch.com



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