finance ministry: The tariff waivers were based on applications by individual firms for US soybeans and pork imports, the finance ministry said in a statement, citing a decision by the country's cabinet, according to Nine News Australia. It did not specify the quantities involved. To improve your experience update it here News World China to waive tariffs on some US imports By AAP7 48pm Dec 6, says it will waive import tariffs for some soybeans and pork shipments from the United States, as the two sides try to thrash out an agreement to defuse their protracted trade war. China imposed tariffs of 25 per cent on both US soybeans and pork in July 2018 as a countermeasure to tariffs levied by Washington over allegations that China steals and forces the transfer of American intellectual property to Chinese firms. A deal had initially been expected last month, but the two sides are said to be still seeking agreement on major issues such as which tariffs to roll back and the size of US farm purchases China is willing to make. The waiver comes amid negotiations between the United States and China to conclude a 'phase one' or interim deal to de-escalate a 17-month trade war that has roiled financial markets, disrupted supply chains and weighed on global economic growth.
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