China lifts some tariffs on US farm goods but soybeans remain costly

News Brief

Summary

China has suspended some retaliatory tariffs on US agricultural imports but will maintain tariffs on key goods like soybeans. This follows the Xi-Trump meeting, easing fears of a full-blown trade war. However, US soybeans remain uncompetitive due to tariffs, with China favoring cheaper Brazilian supplies.

Key Points

  • China lifted tariffs on select US farm goods but kept a 13% tariff on soybeans.
  • The 24% additional tariffs imposed in April are suspended for one year.
  • US soybeans are still more expensive than Brazilian alternatives, limiting Chinese demand.
  • The White House announced China would buy large volumes of US soybeans, but Beijing has not confirmed.
  • China recently purchased 20 cargoes of cheaper Brazilian soybeans.

新闻简报

总结

中国暂停了对美国部分农产品的报复性关税,但保留了对大豆等关键商品的关税。此举是在中美元首会晤后采取的,缓解了全面贸易战的担忧。然而,由于关税原因,美国大豆仍缺乏竞争力,中国更倾向于购买价格更低的巴西大豆。

关键点

  • 中国取消了对部分美国农产品的关税,但保留了对大豆的13%关税。
  • 4月份加征的24%附加关税暂停一年。
  • 美国大豆价格高于巴西,限制了中国需求。
  • 白宫宣布中国将大量购买美国大豆,但中方尚未确认。
  • 中国近期购买了20船价格更低的巴西大豆。

Original Article Link: https://www.abc.net.au/news/2025-11-05/china-suspends-us-tariffs/105976254

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