China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13 per cent tariff.
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Beijing lifts some tariffs on U.S. farm goods but soybeans stay costly
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China rapeseed meal futures see largest one-day gain in almost three months after Xi–Carney talks
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China’s most active Zhengzhou rapeseed (canola) meal futures posted their largest daily gain in nearly three months on Monday, after Canadian Prime Minister Mark Carney and Chinese President Xi Jinping met in South Korea last week without securing a breakthrough on tariffs.
Carney agrees to visit China after meeting Xi
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Prime Minister Mark Carney agreed to visit China after meeting with President Xi Jinping on Friday, in an encounter that may have marked a turning point but offered no breakthroughs on trade.
China to buy 12 million metric tons of soybeans this season, Bessent says
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U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January and has committed to buying 25 million tons annually for the next three years as part of a larger trade agreement with Beijing.
Carney to meet China’s Xi in South Korea
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Prime Minister Mark Carney will meet with Chinese President Xi Jinping on Friday afternoon in South Korea, the prime minister’s office said on Thursday.
China buys U.S. soybean cargoes ahead of Trump-Xi meet, sources say
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China’s state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping.
Federal agriculture minister to meet with Chinese officials, business leaders
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Federal Agriculture Minister Heath MacDonald is in China this week in hopes of strengthening agricultural ties between the countries.
ICE Weekly: No upside for canola if China situation continues: trader
Tony Tryhuk of RBC Dominion Securities said canola should stay rangebound if Canada’s trade war with China continues.
China imports no US soybeans in September for first time in seven years
Brazil dominates China’s soybean imports with 85.2 per cent share
China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies.
Canada offers tariff relief to some steel, aluminum products from U.S., China
Canada offered tariff relief on some steel and aluminum products imported from the U.S. and China, a government document showed, in efforts to help domestic businesses battered by a trade war on two fronts.