China won't hike grain import quotas for U.S. trade dealChristian Fernsby ▼ | January 7, 2020
China will not increase its annual low-tariff import quotas for corn, wheat and rice to accommodate stepped-up purchases of farm goods from the United States, local media group Caixin quoted senior agriculture official Han Jun as saying today.
Food in China China grain
Topics: China grain import U.S. trade
Traders and analysts said the announcement appeared to be aimed at local concerns as Beijing gears up to buy more U.S. agricultural goods.
Han was quoted by Caixin on Tuesday as saying the quota is offered to global markets and "we won't adjust it for one country." ■