Economics
China Allows Some Tariff-Free U.S. Cotton, Pork Purchases
- Some cotton, corn, sorghum, pork to be retaliatory tariff free
- A total 50,000 tons of U.S. cotton has been approved by China
This article is for subscribers only.
The Chinese government has approved several domestic companies to buy U.S. cotton, corn, sorghum and pork without being subject to hefty retaliatory tariffs, according to people familiar with the situation.
Some textile mills have been given permission to purchase a total 50,000 tons of U.S. cotton without paying the 25% retaliatory duty, the people said. A number of companies will also be exempt from the tariffs on American pork, corn, and sorghum, the people said, without specifying the volume.