Home Forex Trading China said to start implementing tariff waivers for some purchases of US soybeans, pork – ForexLive

China said to start implementing tariff waivers for some purchases of US soybeans, pork – ForexLive

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Xinhua reports on the matter

You can sort of look at this from two sides in my view. On the one hand, it looks like China is giving a little more goodwill in trade talks.

On the other, this looks like they are trying to find some alternative means to increase agricultural purchases without giving an actual figure commitment – something that the US wants in negotiations right now.

But for now, this is giving risk trades a bit of a push higher to start the session with US futures and bond yields taking heart in the news. USD/JPY is less enthused though as the pair sticks around 108.70 still currently.

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