China from March 2 will start accepting applications for tariff exemptions on the import of US agricultural goods, including soybeans, wheat, corn and sorghum, according to a statement by the State Council’s Tariff Commission released on the Ministry of Finance website Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The tariff exemptions cover all 696 US-origin goods, including agricultural goods. The council said it has eliminated market-based procurement of agriculture commodities falling under the tariff structure to expedite applications and meet the growing needs of China’s consumers. According to market sources, the outbreak of the coronavirus in China could have a negative impact on China’s soybean demand this year. The outbreak comes at a time when China’s hog herd is still in the early stages of recovery from the African swine fever, which led to the massive culling of the country’s […]