September 24, 2019 / 5:38 AM / 2 months ago

China grants new tariff waivers for U.S. soybean imports - Bloomberg

FILE PHOTO: Imported soybeans are transported at a port in Nantong, Jiangsu province, China August 6, 2018. REUTERS/Stringer

BEIJING (Reuters) - China has granted new waivers to several domestic state and private firms exempting them from retaliatory tariffs on soybeans imported from the United States, Bloomberg said, citing unidentified sources familiar with the matter.

It said the waivers would apply to between 2 million tonnes and 3 million tonnes of U.S. soybeans. Some of the companies have already bought at least 20 cargoes, or about 1.2 million tonnes of soybeans, on Monday, it added.

Reporting by Beijing Monitoring Desk; Editing by Clarence Fernandez

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