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China’s Soybean Imports Slide as U.S. Trade War Takes Toll

China bought 6.51 million tons of soybeans last month.

China bought 6.51 million tons of soybeans last month.

Photographer: Daniel Acker/Bloomberg

Updated on

Soybean imports by China, the top buyer, tumbled in June and in the first half as African swine fever slashed hog herds and cut demand for feed. Private Chinese companies are still not buying U.S. supplies because of 25% retaliatory tariffs on American imports imposed as part of the trade war.