China Takes Down Some Products From its Tariff Quota Management Draft List - Forex News by FX Leaders

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

Posted Wednesday, August 7, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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