China adds some U.S. farm products for additional tariff exemption
A farmer harvests rice by a paddy field outside Hanoi. Photo by Reuters/Kham. Sketched by the Pan Pacific Agency.
BEIJING, Sep 13, 2019, Xinhua. The Customs Tariff Commission of the State Council will exclude some agricultural products such as soybeans and pork from the additional tariffs on U.S. goods, official sources said Friday, reported the Xinhua.
China supports domestic companies in purchasing a certain amount of U.S. farm produce in line with the rules of the market and the World Trade Organization, according to sources with the National Development and Reform Commission and the Ministry of Commerce.
The move came after the United States decided to make adjustments to the additional tariffs to be imposed on Chinese goods on Oct. 1.
China has a huge market, and the prospects for importing high-quality U.S. farm produce are broad. China hopes the United States will be true to its word, make progress on its commitments and create favorable conditions for bilateral agricultural cooperation, said sources with the relevant departments of China.
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