The article comes from: https://www.feedtrade.com.cn/

According to US media reports, while Washington and Beijing were conducting trade negotiations on future tariff arrangements, the Chinese government may have suspended the 301 measures counter-tariff exemption mechanism imposed on US agricultural products.

This policy adjustment will affect a wide range of US agricultural products, including beef, poultry, pork, and grains. Take beef as an example, the current applicable tariff rate (excluding temporary retaliatory tariffs) is approximately 32% to 45%, and after the exemption is lifted, it will rise to 62% to 70%.

The US Department of Agriculture said this week that it is not clear whether this exemption suspension applies to all US products, but industry insiders confirmed that almost all agricultural product categories have been affected, including grains, oilseeds, meat, beans, nuts, alcohol, leather, and fruits, etc.