China’s tariff cut plans skip soybeans, spurring hopes for higher buys of other US farm goods

AI Summary

China’s planned tariff reductions exclude soybeans, but US exporters hope Beijing will buy more of other American farm and food products to meet an earlier purchase commitment. The changes could redirect agricultural trade flows between the two countries.

China’s exclusion of soybeans from its planned tariff-reduction framework has left exporters optimistic that Beijing will increase purchases of other US farm and food products in the coming months to fulfill a commitment made earlier this year. China’s Ministry of Commerce said Sept. 28 that Beijing would consider reducing tariffs on a range of US ...