On September 28, the China-US "30 billion vs 30 billion" reciprocal tax reduction list was announced. Non-seed US soybeans used for oil extraction were not included and still face an additional 10% tariff, while state-owned buyers such as Sinograin and COFCO have already purchased over 12 million tons of US soybeans.
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China-US Reciprocal Tariff Reduction List Released; Non-Seed US Soybeans for Crushing Excluded
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State-owned buyers such as Sinograin and COFCO have purchased over 12 million tons of US soybeans
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White House Announces China's Pledge to Buy at Least 25 Million Tonnes of US Soybeans Annually from 2026 to 2028
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