China ends levies on US farm goods, halts export curbs on firms

China announced it will remove retaliatory tariffs on some US farm products and lift export controls on an array of American firms, after Washington halved its fentanyl-related levies on Chinese goods.

- Bloomberg

The country’s finance ministry confirmed in a Wednesday notice it would end tariffs imposed 4 March on soybeans and other US agricultural products including corn, wheat, sorghum and chicken. That move—to take effect on 10 November—was previously flagged in a White House fact sheet.

Hours later, the commerce ministry said it would remove 15 American firms from an export control list, while taking 10 other US companies off its unreliable entity list. Beijing will also scrap a ban on Illumina Inc.’s exports of its DNA sequencer to China.