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Highlights
- China agrees to remove all retaliatory tariffs on American ag products, paving the way for broader U.S. crop sales and beef exports.
- China will start by purchasing 12 million metric tons of soybeans from the U.S. between now and January, anchoring trade in the near term.
- Farmers caution the deal is not a cure-all and should not be seen as solving price and input-cost pressures in the near term.
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References
Trump secures China agreement to buy millions of tons of US soybeans, Bessent says after Xi meeting
Treasury secretary hails US-China soybeans truce — but analysts share warning about this year's crop
China agrees to purchase 25 million metric tons of US soybeans annually, treasury secretary says
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