China tariff exemptions boost U.S. poultry shipments [Reuters]
Tyson Foods, Inc. (TSN)
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Source: Reuters
China tariff exemptions boost U.S. poultry shipments CHICAGO (Reuters) - U.S. chicken products are entering China without retaliatory tariffs after Beijing made poultry eligible for exemptions to the extra duties, shippers and an industry group said on Thursday. The additional tariff relief may help China follow through on pledges to significantly increase purchases of American agricultural goods as part of an initial trade deal signed in January. U.S. chicken company Tyson Foods Inc ( TSN.N ) said it had already seen chicken shipments rise as a result. China said last month it would grant exemptions on retaliatory duties to 696 U.S. goods as part of efforts to ease the trade war between the world’s two largest economies. U.S. poultry was not eligible for exemptions until this week, said Jim Sumner, president of the trade group USA Poultry and Egg Export Council. China-based importers have applied for and received exemptions from the 30% retaliatory duty, which Beijing recently redu
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