TRADE WAR OR NOT, CHINA SEEKING ALTERNATIVES TO US SOYBEANS
December 1st, 2018
The US and China at the G20 meeting in early December settled for a 90-day suspension of their bilateral trade war including a halt to any additional tariffs, but sourcing patterns are not going to become business-as-usual any time soon for China’s soybean sector.
China, the world's largest importer of soybeans, in July slapped retaliatory tariffs on a range of US goods, including soybeans, for which tariffs were lifted from just 3% to 28%. This was in response to tariffs imposed by the Trump administration, which accuses the Chinese government of failing to ...
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