China to lift punitive tariffs on US soybeans, pork

FILE - In this July 18, 2018, photo, soybean farmer Michael Petefish holds soybeans from last season's crop at his farm near Claremont in southern Minnesota. China's government says its importers are inquiring about prices for American soybeans and pork in a possible goodwill gesture ahead of talks aimed at ending a tariff war with Washington.

WASHINGTON (AP) — The United States and China traded conciliatory gestures, raising hopes they can deescalate a standoff over trade that has shaken financial markets and cast gloom over the global economy.

In Beijing, China's Commerce Ministry said Thursday that Chinese importers are asking U.S. suppliers for prices of soybeans, pork and other farm goods. It's a sign they might step up purchases of American agricultural products, a possible goodwill gesture ahead of talks next month aimed at ending the tariff war.

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