China plans to remove soybean oil, rapeseed oil and palm oil from its import tariff quota management, its commerce ministry said on Wednesday.
SHANGHAI: China plans to remove soybean oil, rapeseed oil and palm oil from its import tariff quota management, its commerce ministry said on Wednesday.
The news comes after the ministry said on Tuesday Chinese companies had stopped buying U.S. agriculture products in response to U.S. President Donald Trump's decision last week to impose tariffs on another $300 billion of Chinese imports, sharply escalating a tit-for-tat trade dispute between the world's largest economies.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
