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China Slashed U.S. Soybean Imports in Half After Trade War

Imports from Brazil grew 30% from 2017

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China, the world’s biggest soybean buyer, almost halved imports of the commodity from the U.S. in 2018 after a trade war with America hurt shipments from the Asian nation’s second-largest supplier, reports Bloomberg.

China bought 16.64 million tons of soybean from the U.S. in 2018, a drop of 49% from the year before, according to Bloomberg calculations based on customs data.

Imports from Brazil, China’s largest supplier, totaled 66.1 million tons, up 30% from 2017.

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