China Allows First-Ever US Rice Imports in “Goodwill Gesture” Ahead of Trade Talks

(From Reuters)

China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world’s two biggest economies after a frosty year marked by tensions and tit-for-tat tariffs.

The green light from Chinese customs, indicated in a statement posted on the customs authority’s website on Friday, comes in the run-up to talks between the countries in January after U.S. President Donald Trump and Chinese President Xi Jinping agreed a moratorium on higher tariffs that would affect trade worth hundred of billions of dollars.

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