US EditionChina Suspending Retaliatory Tariffs on some US Farm Goods
China suspends some US tariffs for one year but keeps a 13% duty on soybeans, maintaining higher costs compared to Brazilian imports, impacting American farmers.
- On Nov 5, Beijing confirmed it will suspend retaliatory tariffs on some US imports, but US soya beans still face a 13 per cent tariff, with some duties removed from Nov 10.
- The State Council tariff commission will scrap duties of up to 15 per cent on some US agricultural goods from Nov 10, tied to earlier US tariff measures, Li Chenggang said Nov 4.
- Traders note Chinese soybean importers recently bought 20 cargoes of Brazilian soya beans as South American prices eased, with December shipment prices at US$2.25 to US$2.30 over the January Chicago contract.
- The White House said China would buy at least 12 million metric tonnes in late 2025 and 25 million tonnes annually, while state trader Cofco made early purchases and American farmers lost billions.
- China will remove or suspend for a year some non-tariff retaliatory measures, including export control measures, the Commerce Ministry said, and investors were relieved after Mr Trump met Xi Jinping.
12 Articles
12 Articles
China to scrap duties on some US farm goods, but soybeans still taxed at 13%
BEIJING (Reuters) — China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13% tariff. The tariff commission of the State Council, or cabinet, will scrap duties of up to 15% imposed on some U.S. agricultural goods from Nov. 10, while keeping levies of 10% introduced in response to Pre…
China suspends 24% tariffs on US goods for one year, but retains import duty on a key product — What we know
China announced that the country is suspending the retaliatory tariffs on all goods imported from the United States, while retaining a 13% tariff on soybean imports into the country. Here's what we know about China's end of the new trade deal.
China suspends some US tariffs, yet soybean buyers still face high tariffs
China will suspend for one year the 24 per cent additional tariffs it imposed on US goods in April, while maintaining the 10pc levies also introduced in response to US President Donald Trump’s ‘Liberation Day’ duties, its cabinet confirmed on Wednesday. The State Council’s tariff commission also announced it would remove the duties of up to 15pc it imposed on certain US agricultural goods from November 10, referring to a release from March detai…
Chinese buyers purchase Brazilian soybeans as prices ease over U.S.-China trade thaw
Chinese soybean importers have stepped up purchases of Brazilian cargoes in recent days as South American prices eased on expectations a U.S.-China trade deal will lead to a resumption of U.S. sales to the world’s largest soybean importer, according to…
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