China Trying to Warm Trade Relations With Japan

China has announced removing bans for imports from Japan to help the economy and trade in general

Skerdian Meta•Monday, December 23, 2019•1 min read

China and japan to increase trade relations

US and China finally agreed on a partial trade deal earlier this month. Although, that’s just an agricultural deal, which does not take things much further than the current levels of agricultural purchase form both countries. All in all, that deal just removed the December tariffs and I expect the trade tensions to continue this year as well.

China is trying to strengthen ties with other countries, meanwhile. Chinese officials announced the removal of the ban on Japanese cows under 30 months old came before this week’s visit to China by Japanese Prime Minister Shinzo Abe. That brings up the question, what’s wrong with cows above 30 months old? Is this age discrimination against cows?

China also announced that it will reduce tariffs on frozen pork from 2020, while also confirming that pork imports in November surged more than 150% from a year ago. These are some positive signs and risk currencies such as AUD/USD are climbing higher today. Although, be wary of thin volatility in holiday trading.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.