Space Industry and Business News  
FARM NEWS
China to exempt 'some' US soybean, pork from tariffs
By Poornima WEERASEKARA
Beijing (AFP) Dec 6, 2019

China will waiver tariffs on "some" imports of US soybean and pork, it said on Friday, in the latest sign of easing trade tensions between Beijing and Washington as they try to finalise a partial trade pact.

The world's two biggest economies have exchanged blows for more than a year, with levies now imposed on hundreds of billions of dollars in two-way trade.

The olive branch comes as the two sides edge towards a mini agreement Washington says includes a Chinese promise to increase the purchase of US farm products. It is also just before a fresh round of US sanctions are due to kick in on December 15, which observers fear could jolt the negotiations.

"The Customs Tariff Commission of the State Council is carrying out the exclusion of some soybeans, pork and other commodities based on applications from enterprises," the finance ministry said in a statement.

Chinese companies have already "independently imported certain quantities of goods from the United States", the statement said, without offering details.

The duty on soybeans has gone up from three to 33 percent, after two rounds of tariffs -- 25 percent in July, 2018 and another five percent in September.

China is the world's biggest consumer of soybean and has been shopping elsewhere, such as Brazil, to boost supplies.

Beijing has increased tariffs on US pork three times since the trade war started, raising the total duty from 12 to 72 percent between April 2018 and September this year.

Exempting tariffs on pork could also help ease a surge in prices of China's staple meat, which has more than doubled over a year, with an outbreak of African swine fever last August leading to the culling of nearly of third of the country's pig herd.

- 'Countermeasures' -

The country has tapped its strategic reserve of the meat but that has not stopped costs spiralling.

Hopes had risen last month that Beijing and Washington were close to reaching a mini deal.

But comments from US President Donald Trump and recent US legislation backing Hong Kong pro-democracy protests and China's Uighur minority appeared to throw the talks off track.

On Tuesday, Trump appeared to dash hopes for a deal this year by suggesting he would be happy waiting until after the 2020 presidential election before signing off on it.

China echoed those comments Wednesday by saying they "will not set any time limit" on signing an agreement.

But China's commerce ministry spokesman Gao Feng said at a news briefing Thursday that the two sides were "maintaining close communication."

He added, however, that "if the two sides are to reach a phase one deal, tariffs should be reduced accordingly".

Trump has insisted that China should buy $40-$50 million-worth of US agriculture products as part of the deal, which critics say is difficult to achieve.

China's imports of US farm goods fell in 2017 to $19.5 billion, before dropping sharply last year to just over $9 billion after Beijing imposed burdensome taxes on US imports in retaliation for similar measures by Washington.

Despite the gesture, ties remain tense between the two.

China's foreign ministry said Friday it had taken reciprocal "countermeasures" after the US said in October that Chinese diplomats will have to notify the State Department in advance of any official meetings with US diplomats.

US diplomats will now have to notify the foreign ministry five working days before meeting local officials.


Related Links
Farming Today - Suppliers and Technology


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


FARM NEWS
Scientists search the wild for food plant genes
Paris (AFP) Dec 3, 2019
Scientists have been on a global search for the wild relatives of our food crops, hoping to bolster their defences against disease and climate change, a study showed Tuesday. Humans have domesticated wild plants for some 10,000 years to provide food but in doing so they have bred out many of their natural defences, leaving them - and us - potentially exposed. "We live in an interdependent world. No single country or region harbors all of the diversity that we need," said Chris Cockel, coordina ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

FARM NEWS
Virtual reality becomes more real

First measures of Earth's ionosphere found with the largest atmospheric radar in the Antarctic

Molecular vibrations lead to high performance laser

Smart satellites to the rescue of broken satellites

FARM NEWS
General Dynamics receives $730M for next-gen satcom system

Airbus' marks 50 years in Skynet secure satellite communications for UK

Lockheed Martin gets $3.3B contract for communications satellite work

GenDyn nets $783M for next-gen Navy MUOS operations

FARM NEWS
FARM NEWS
China launches two more BeiDou satellites for GPS system

Russia to launch glass sphere into space before new year to obtain accurate Earth data

Lockheed Martin GPS Spatial Temporal Anti-Jam Receiver System to be integrated in F-35 modernization

GPS III Ground System Operations Contingency Program Nearing Operational Acceptance

FARM NEWS
Electric aircraft - novel configurations open up new possibilities

Bell Boeing awarded $218.7M for V-22 Osprey support

Airbus fires 16 over suspected German army spying: report

The AWACS, NATO's reconnaissance air wing

FARM NEWS
Toward more efficient computing, with magnetic waves

A record-setting transistor

End of an era as Japan's Panasonic exits chip business

Armored with plastic 'hair' and silica, new perovskite nanocrystals show more durability

FARM NEWS
China launches new Earth observation satellite

The Eurasian continent remembers and amplifies cold waves as the Arctic warms

NASA embarks on 5 expeditions targeting air, land and sea across US

NASA, French space laser measures massive migration of ocean animals

FARM NEWS
In Spain, how nutrients poisoned one of Europe's largest saltwater lagoons

Smog in Iran shuts schools, universities

Aegean volunteers battle to turn plastic waste tide

Slovakia bans single-use plastics from 2021









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.