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The United States did not export soybeans to China this September amid the trade war. This is the first time since November 2018 that China declined to purchase from the US. Distrust has peaked and neither nation will rely on the other for essentials. Chinese tariffs on US agricultural goods are now around 34% when factoring in VAT and MFN duties. American farmers who heavily relied on Chinese demand are currently harvesting 4.3 billion bushels with few available buyers.

https://www.armstrongeconomics.com/world-news/world-trade/china-halts-us-soybean-purchases/



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The United States did not export soybeans to China this September amid the trade war. This is the first time since November 2018 that China declined to purchase from the US. Distrust has peaked and neither nation will rely on the other for essentials. Chinese tariffs on US agricultural goods are now around 34% when factoring in VAT and MFN duties. American farmers who heavily relied on Chinese demand are currently harvesting 4.3 billion bushels with few available buyers.

https://www.armstrongeconomics.com/world-news/world-trade/china-halts-us-soybean-purchases/

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