China Takes Down Some Products From its Tariff Quota Management Draft List

Chinese Commerce Ministry has proposed the removal of import tariff quotas on soybean oil, rapeseed oil and palm oil.


Even as trade tensions remain high between the US and China once again, earlier today, the Chinese Commerce Ministry has proposed the removal of import tariff quotas on soybean oil, rapeseed oil and palm oil.

The draft tariff quota management bill posted on the Commerce Ministry website does not mention these products, which indicates that they will not have the same level of restrictions that exist on other agricultural imports into China.

On Tuesday, the ministry had announced its decision to stop importing agricultural products from the US in response to Trump’s most recent tariff announcement that happened last week.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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