Tuesday, July 7, 2026

China, U.S. to drop tariffs


 

China has agreed to drop its 10 per cent tariff on United States soybeans and grains in a deal that has the U.S. dropping its 10 per cent tariff on fentanyl from China.


China made the deal public, but not yet the United States.


There are reports that China’s tariffs will be dropped on soybeans, grains and some other agriculture commodities for shipments arriving after Oct. 1.