China trims import tariffs


China announced small tariff reductions on a range of U.S. imports last week, including soybeans, pork, chicken and beef. The reductions, effective Feb. 14, will coincide with a tariff cut by the United States on some Chinese products as the nations scale back duties on each other’s goods as part of the phase one trade deal signed last month.

U.S. soybeans will be subject to a 27.5% tariff, down from 30% previously. China will reduce tariffs on U.S. pork, chicken and beef...

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