China’s Soybean Imports Slide as U.S. Trade War Takes Toll
China bought 6.51 million tons of soybeans last month.
Photographer: Daniel Acker/Bloomberg
This article is for subscribers only.
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.