UPDATE: China could start buying U.S. soybeans, pork again: report
China may allow for U.S. imports of soybeans and pork, amid steps by both countries to ratchet down trade-war tensions, Bloomberg News reported (https://www.bloomberg.com/news/articles/2019-09-12/china-is-considering-u-s-farm-imports-as-goodwill-before-talks), citing sources. China's Ministry of Commerce said companies have begun to ask about prices for some U.S. farm products, the report said. U.S. stock futures rose early Thursday after President Donald Trump tweeted that he will delay pushing through higher tariffs (http://www.marketwatch.com/story/us-stock-futures-rise-after-trump-delays-tariff-hikes-against-china-until-oct-15-2019-09-11) on $250 billion of Chinese goods for two weeks as a "gesture of good will." China placed retaliatory tariffs on soybeans, pork and other items last year, pressuring American farmers and forcing the Trump administration to funnel billions in aid to the sector.
-Barbara Kollmeyer; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 12, 2019 11:37 ET (15:37 GMT)
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