قالب وردپرس درنا توس
Home / Business / China's US soybean imports fall to zero in the trade war

China's US soybean imports fall to zero in the trade war



China has not imported American soybeans for the first time since the beginning of a trade war with the US in November.

Instead, China bought more than 5 million tons of soybeans from Brazil last month alone, nearly twice as much as 2.76. According to data from Reuters, data were cited by the General Administration of Customs.

Beijing imported only 67,000 tons of soybeans from the US in October, compared with the 4.7 million tons it imported in November 2017, the news agency said.

China, the largest soybean purchaser in the world, is a longtime importer of soybeans from the US, the largest producer in the world. The US has always been China's second largest supplier of soybeans, and soybean trade between the two countries reached $ 1

2 billion last year.

However, a trade war with dueling tariffs has significantly reduced the soybean market between the two countries and forced China to turn to Brazil.

China imposed an inch of 25 per cent on US imports in July, as response rates President Trump Donald John Trump's advisers to the Partisans call for Air Forces Secretary for the top defense position. The Austin couple put the baby Jesus in an "ICE cage" to protest Trump's immigration policy space as during the Trump MORE presidency .

Trump agreed with China earlier this month to cease new tariffs, but the tariff on US imports is still in force.

The 90-day truce between The two largest economies in the world were beaten at the G-20 summit in Argentina, but Trump has threatened more tariffs if a long-term agreement is not met.


Source link