The Chinese government has given new waivers to several domestic companies to buy U.S. soybeans without being subject to retaliatory tariffs, according to people familiar with the situation.
The companies received waivers for between 2 million and 3 million tons, said the people, who asked not to be identified as the information is private. Some firms already bought at least 20 cargoes, or about 1.2 million tons, from the U.S. Pacific Northwest on Monday, the people said.
The waivers follow a meeting between working-level officials last week in the U.S. and before top negotiators meet next month to try to resolve the trade dispute. China’s commitment to buy more U.S. agricultural products is central to the talks, with President Donald Trump looking to shore up support from American farmers.
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