McLean County Farm Bureau

CHINA KEEPS PENALTIES ON US PORK, SOY, EASES SOME OTHERS –

China on Wednesday announced it will exempt American industrial grease and some other imports from tariff hikes in a trade war with Washington but kept in place penalties on soybeans and other major U.S. exports ahead of negotiations next month. The move applies to raw materials for farmers and factories, suggesting Beijing wants to limit damage to its slowing economy from the fight with President Donald Trump over trade and technology. It adds to indications that both sides might be settling in for extended conflict even as they prepare for talks in Washington aimed at ending their dispute. (Associated Press)