China Drops Tariffs on Animal Feed From Asian Countries as US Dispute Escalates

A Chinese worker carries a bag of soybean meal at a port in Nantong, Jiangsu Province, China on March 22, 2018. AFP/Getty Images

BEIJING—China will remove import tariffs on animal feed ingredients including soybeans, soymeal, and rapeseed from five Asian countries, the Ministry of Finance said on June 26, a sign that Beijing is seeking alternative supplies of the commodities as a trade dispute escalates with the United States.

China will drop tariffs on soybeans, soymeal, soybean cake, rapeseed, and fishmeal originating from Bangladesh, India, Laos, South Korea, and Sri Lanka beginning on July 1, the ministry said.