- China will cut tariffs on a broad range of US agricultural goods, including corn, wheat, sorghum, meat, dairy, vegetable oils and meals.
- Soybeans were excluded from the tariff-reduction list and continue to face an additional 10% tariff, which traders warn private crushers cannot absorb.
- Chinese state buyers have purchased over 12 million metric tons of US soybeans, nearly half the White House target.
Quotes
“US soybeans still face additional 10% tariff, traders warn private crushers cannot absorb it”