China’s state media is reporting that the country will exempt some American soybeans, pork and other agricultural products from additional tariffs to ease tensions between it and the United States.
The Chinese government has announces measures to boost its domestic pork supply and stabilize pork prices as the country struggles with its African swine fever outbreak.
Average U.S. pork production during the 12 months through February was 3 percent higher than one year ago. U.S. personal consumption expenditures for pork moved generally lower in recent months as deflation in U.S. consumer pork prices hindered dollar-denominated expenditures.
