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China to exempt U.S. pork and soybeans from additional levies

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Trade

, to Sept. 16, 2020.

The development comes as the U.S. and China are preparing for a new round of talks set to take place in Washington in October.

The two countries have been engaged in a trade conflict since 2018, when the Trump administration imposed the first round of its additional trade duties on China, prompting a reciprocal response from Beijing.

Soybeans constitute a major portion of U.S. exports to China.

The sales drastically plummeted amid the trade dispute, hurting U.S. farmers by dropping 74 per cent in 2018 compared to the previous year.

Beijing was forced to turn to Latin American countries to satisfy its need for the agricultural product. (Sputnik/)

HLM/AIB

Edited by Hadiza Mohammed/Abdulfatah Babatunde

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