China Reinstates Soybean Imports, Easing Trade Tensions

China restores soybean import licenses for three US firms, lifts log import suspension, signaling potential easing of trade tensions. The move comes after President Trumps meeting with Chinese leader Xi Jinping, reducing fears of abandoning trade dispute resolution efforts. However, a ten percent tariff on US imports remains, limiting expectations for a significant recovery in trade flows.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.