China To Waive Tariffs On Some U.S. Pork, Soybean Purchases

The video discusses the tariffs imposed by China on US pork and soybeans, with current rates at 72% and 33% respectively. It highlights ongoing efforts by US and Chinese officials to resolve their trade war, including negotiations on a partial deal. Despite some progress, President Trump suggested a potential delay in finalizing a trade deal until after the 2020 US presidential election. Meanwhile, China has begun purchasing large quantities of US agricultural products. The US plans to impose new tariffs on $156 billion worth of Chinese goods on December 15th.

What are the current tariff rates imposed by China on US soybeans and pork?

• 33% on soybeans and 72% on pork

• 50% on soybeans and 60% on pork

• 40% on soybeans and 80% on pork

• 25% on soybeans and 50% on pork

What was agreed upon by China and the US in October regarding their trade relations?

• A temporary ceasefire

• A partial deal

• A complete trade deal

• No agreement was reached

Which agricultural products has China started purchasing from the US?

• Fruits and vegetables

• Rice and corn

• Wheat and cotton

• Barley and oats

What did President Trump suggest about the timing of a trade deal with China?

• It might be delayed until after the 2020 US presidential election

• It should be finalized immediately

• It will be completed by the end of the year

• It is not a priority

When is the US expected to impose a new round of tariffs on Chinese goods?

• February 15th

• January 15th

• December 15th

• November 15th