Stock market quotes, forex, financial news, forex tools – money-investing.com

China cancels duties on American products

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
China cancels duties on American products
July 26
09:00 2019

Referring to informed sources, Bloomberg reports that the PRC has allowed some companies to import corn, cotton and pork from America.

Textile factories have got the opportunity to buy cotton. A 25% tariff will not be charged.

Earlier, there was some news that five Chinese firms had received permission to import soybeans with a total volume of 3 million tons. According to Bloomberg’s analysts, such a gesture is a sign of favor before the upcoming negotiations. We recall that the talks are going to be devoted to the speedy resolution of the trade dispute.

US officials will come to China at the beginning of the week.

In May, China bought 60 thousand tons of cotton from the USA despite the duties! The import of sorghum and pork has greatly decreased. In April last year, the PRC bought more than 600,000 tons of sorghum in America. This year, the import has fallen to almost zero.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment