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Trump Tariff Threats Make Chinese Buyers Nervous

Future purchases may be jeopardized by renewed trade tensions

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China’s state grains and agricultural trader COFCO has bought cargoes of soybeans from the United States, two sources familiar with the matter said, though future purchases may be jeopardized by renewed trade tensions between them.

Retuers reports China last week gave state-controlled companies the nod to resume buying U.S. oilseed in order to ease the $335 billion trade gap between the two countries.

After President Trump unexpectedly toughened his trade stance this week, buyers in China remain cautious about buying U.S. beans because of the uncertainty, four traders involved in the market said.

Read the full report here.

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