China said to start implementing tariff waivers for some purchases of US soybeans, pork

Xinhua reports on the matter

You can sort of look at this from two sides in my view. On the one hand, it looks like China is giving a little more goodwill in trade talks.

On the other, this looks like they are trying to find some alternative means to increase agricultural purchases without giving an actual figure commitment - something that the US wants in negotiations right now.

But for now, this is giving risk trades a bit of a push higher to start the session with US futures and bond yields taking heart in the news. USD/JPY is less enthused though as the pair sticks around 108.70 still currently.

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