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China’s Soybean Imports Slide

Chinese companies still not buying U.S. supplies because of 25% retaliatory tariffs

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Soybean imports by China, the top buyer, tumbled in June and in the first half as African swine fever slashed hog herds and cut demand for feed.

Bloomberg reports that private Chinese companies are still not buying U.S. supplies because of 25% retaliatory tariffs on American imports imposed as part of the trade war.

China bought 6.51 million tons of soybeans last month, down from 7.36 million tons in May and from 8.70 million in June last year, according to official customs data.

Read the full report here.

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