china US trade war

Reuters quoted two people familiar with the matter as saying that Chinese companies purchased 600,000 tons of US soybeans on September 30 and will ship them between November and January 2020. This week, they will provide importers with a tariff limit of 2 million tons. a part.

According to informed sources, soybeans from 2 to 10 ships have been sold. One of them said that buyers include Chinese private and state-owned enterprises. Stimulated by the news, the price of US soybeans on the Chicago Board of Trade rose by about 1.5%.

A new round of high-level negotiations between China and the United States is expected to be held next week. In the past, Beijing has repeatedly released goodwill from the United States on the eve of negotiations. After the China-US vice ministerial negotiations ended, Chinese importers booked more than 100 tons of US soybeans last week, the largest purchase since June.

Earlier in China, many importers were allowed to purchase US soybeans and exempted from additional tariffs.

There are reports that US President Trump is considering delisting Chinese companies listed in the US. China warned that the relevant practices would lead to an escalation of trade tensions between China and the United States and undermine the stability of the international market.

 

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

RCEP Free Trade Agreement Enters Countdown Time India’s Last Extortion in China at ASEAN Summit

As of November 2, Bangkok time, the process of negotiations on the…

Former British Ambassador to the United States: Trump withdraws from Iran’s nuclear agreement only to anger Obama

The British ambassador to the United States, Kim Darroch, continued to ferment,…

Trump: China wants to reach a trade agreement

US President Trump met again with French President Mark Long at the…

Trump Gandang supporting the role and Modi hand in hand 50,000 people gathering

US President Donald Trump is ahead of Chinese President Xi Jinping in…