Trade
China Is Said Seeking Argentina Crops as It Skirts US Tariffs
Soybeans are loaded onto a ship on the Parana River in Rosario, Argentina, in January.
Photographer: Sebastian Lopez Brach/BloombergThis article is for subscribers only.
China signed a letter of intent with exporters in Argentina to buy about $900 million of soybeans, corn and vegetable oil, the latest indication that the Asian nation will avoid sourcing from the US during President Donald Trump’s trade war.
Chinese officials were in Buenos Aires on Wednesday to sign the non-binding agreement, according to two people familiar with the matter who couldn’t be named discussing private talks. Argentina newspaper Clarin first reported the news.