China eases tariffs on U.S. soybean imports anew
China has bestowed on Monday new tariff waivers to several domestic states and private companies excluding them from recent countermeasure tariffs on soybeans imported from the United States.
According to the source privy to the latest development, the new tariff waives would take effect on 2 million tonnes or up to 3 million tonnes of U.S. soybeans. Some of the local firms have already purchased at least 20 cargoes, an estimated 1.2 million tonnes of soybeans.
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