China To Waive Tariffs On Some U.S. Pork, Soybean Purchases

The video discusses the tariffs imposed by China on US pork and soybeans, with current rates at 72% and 33% respectively. It highlights ongoing efforts by US and Chinese officials to resolve their trade war, including negotiations on a partial deal. Despite some progress, President Trump suggested a potential delay in finalizing a trade deal until after the 2020 US presidential election. Meanwhile, China has begun purchasing large quantities of US agricultural products. The US plans to impose new tariffs on $156 billion worth of Chinese goods on December 15th.

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