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China Exhausts Waivers for US Soybeans

U.S. plans to raise China tariffs Dec. 15 if no deal reached

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China has used up almost all of its waivers to purchase American soybeans that are free of retaliatory tariffs, according to people familiar with the matter.

According to a report at Bloomberg, Chinese buyers have nearly reached their quota of about 10 million metric tons, said the people, who asked not to be identified because the information is private.

Beijing is also unlikely to issue new waivers for U.S. supplies before progress is made in trade negotiations with Washington, one of the people said.

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