China will suspend for one year the 24% additional tariffs it imposed on U.S. goods in April, while maintaining the 10% levies also introduced in response to U.S. President Donald Trump’s ‘Liberation Day’ duties, its Cabinet confirmed on Wednesday.

The State Council’s tariff commission also announced it would remove the duties of up to 15% it imposed on certain U.S. agricultural goods from November 10, referring to a release from March detailing the products the world’s top agricultural buyer would begin taxing on import.

But the cut still leaves Chinese buyers of soybeans facing tariffs of 13%, including a preexisting 3% base tariff. Traders say that makes U.S. shipments still too expensive for commercial buyers compared to Brazilian alternatives.

U.S.-China Trade War

Before Trump too

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