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China Exempts U.S. Soybeans, Pork from Tariffs

Appears to be another move to ease tensions between countries as they prepare for trade talks

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China will exempt American soybeans and pork from its latest round of tariffs, in what appears to be another move to ease tensions between the countries as they prepare for a new round of trade talks, reports CNN.

Chinese state news agency Xinhua announced the policy change on Friday, citing government sources as saying China would support "relevant enterprises" purchasing U.S. pork, soybeans and other commodities.

Despite its easing of restrictions on U.S. soybean exports, Beijing has been diversifying its supply away from American farmers. Earlier this week, Argentina's agricultural ministry announced that China would open the door for imports of Argentinian soybean meal.