International Trade

China waiving tariff hikes on US soybeans, pork

FILE- In this April 5, 2018, file photo Matt Aultman, a grain salesman and feed nutritionist with Keller Grain & Feed, Inc., shows locally grown soybeans during an interview at their facilities in Greenville, Ohio. Soybeans, which account for less than 1 percent of U.S. exports, are upstaging weightier issues as the Trump administration tackles trade disputes with China and other countries. (AP Photo/John Minchillo, File)

China is waiving punitive tariffs on U.S. soybeans and pork while the two sides negotiate a trade deal, the Ministry of Finance said Friday. Beijing promised in September to lift the tariffs, adding to conciliatory steps that raised hopes for a settlement. The government announced then that Chinese importers were placing orders but no details...

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