China To Waive Tariffs On Some U.S. Pork, Soybean Purchases

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China To Waive Tariffs On Some U.S. Pork, Soybean Purchases
China's previously imposed multiple rounds of tariffs on both products. Currently, soybean tariffs stand at 33% and pork tariffs are at 72%.
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China is going to start waiving retaliatory tariffs on some pork and soybeans imported from the U.S.

China's previously imposed multiple rounds of tariffs on both products. Currently, soybean tariffs stand at 33% and pork tariffs are at 72%.

This latest move comes as Chinese and U.S. officials are working to resolve their trade war. The two sides already agreed on the outlines of a partial deal back in October. But officials are reportedly still trying to work out how much money China should spend on American farm goods and which U.S. tariffs the Trump administration will roll back.

China's already started purchasing large quantities of agricultural products from the U.S., including wheat, cotton, pork, sorghum and soybeans.

But President Donald Trump suggested earlier this week he was fine with potentially delaying a trade deal with China until after the 2020 U.S. presidential election.

The U.S. is expected to impose a new round of tariffs on roughly $156 billion worth of Chinese goods on Dec. 15.

Additional reporting from Newsy affiliate CNN.