Sunday, July 21, 2019

UPDATED—"Chinese firms ask for tariff exemptions to buy US agricultural products, state media says"

UPDATE: The SCMP has added a lot of reporting to the initial three paragraphs.
Original post:
Virtue signaling, China style.

Lifted in toto from the South China Morning Post:

Application for waivers a result of agreement reached by presidents Xi Jinping and Donald Trump in Osaka
Several Chinese companies want to buy American agricultural products and have applied for exemptions from the tariffs imposed on them by Beijing, state media reports.
The applications for exemptions have been filed and will be heard by a panel of experts from the government, Xinhua reported on Sunday.

The report did not name any of the companies or say what products they wanted to buy, but said the move was the result of an agreement reached between Chinese President Xi Jinping and his US counterpart Donald Trump when they met last month in Osaka, Japan on the sidelines of the G20 summit.

The report also cited Trump’s promise to suspend the imposition of new tariffs on Chinese goods and allow US firms to sell products to “relevant Chinese companies”, in an apparent reference to telecoms giant Huawei.
More to follow ...
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