Economics
China Approves Tariff-Free U.S. Soybean Purchases as Goodwill
- Five buyers to be exempted from tariffs on 2m-3m tons of beans
- There could be more waivers, depending on the trade talks
Soybeans are harvested in Wyanet, Illinois.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
The Chinese government has given the go-ahead for five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory import tariffs as trade negotiations between the two nations continue, according to people familiar with the situation.