🔺️🔻 China and America extended the trade truce; soybeans are still subject to tariffs
Ministry of Commerce of China:
A two-month extension of the trade truce with the United States until January 10 provides another opportunity to review the implementation of recent agreements and advance economic and trade negotiations between the two countries.
🔹️ Soybeans imported from America will still be subject to an additional 10% tariff.
The two countries are set to establish a trade council and negotiate mutual tariff reductions on $30 billion worth of goods.
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