Between September and November, China's imports of American soybeans increased 13 times from the same period last year, according to Xiaoping Zhang, Greater China Regional Director for the U.S. Soybean Export Council.
Based on analysis of Chinese and U.S. data, Chinese imports of American soybeans between September and November this year increased 13 times from the same period last year, according to Xiaoping Zhang, Greater China Regional Director for the U.S. Soybean Export Council.
U.S. soybean exports to China essentially dwindled in the second half of last year after Beijing retaliated to U.S. tariffs with its own duties. As a result, all Chinese purchases of U.S. soybeans this year occurred through specific arrangements, outside normal trade channels that would otherwise subject the imports to retaliatory tariffs of about 30%, Zhang said.Bryan Woolston | ReutersBetween September and November this year, Chinese imports of American soybeans increased 13 times from the same period last year, according to Xiaoping Zhang, Greater China Regional Director for the U.S. Soybean Export Council.
U.S. soybean exports to China dropped off sharply in the second half of last year after Beijing retaliated to U.S. tariffs with its own duties. As a result, all Chinese purchases of U.S. soybeans this year occurred through specific arrangements, outside normal trade channels that would otherwise subject the imports to retaliatory tariffs of about 30%, Zhang said in a phone interview Monday.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Strong U.S. jobs data supports dollar as market looks to U.S.-China trade dealThe dollar held firm on Monday after data showed surprise strength in the U.S. j...
Read more »
China says hopes it can reach trade agreement with U.S. as soon as possibleBeijing hopes that it can reach a trade agreement with the United States that sa...
Read more »
China says hopes it can reach trade agreement with US as soon as possibleChina says that it hopes to make a trade deal with US as soon as possible, amid intense discussions before fresh tariffs on Chinese imports are due to kick in at the end of the week
Read more »
China says hopes it can reach trade agreement with U.S. as soon as possibleChina said on Monday that it hoped to make a trade deal with the United States a...
Read more »
China says people held in Xinjiang camps have 'graduated', condemns U.S. billChinese official criticizes a U.S. bill condemning the mass detention of Uighur Muslims in China
Read more »
China says some held in Xinjiang camps have 'graduated', condemns U.S. billPeople held in controversial training camps in Xinjiang have 'graduated&quo...
Read more »