The United States on Oct. 30 struck a trade deal with China, one of its most complex trading partners, that promises to open the Chinese market to U.S. soybeans and other agricultural exports.
China agreed to purchase 12 million metric tons of U.S. soybeans before the end of 2025 and at least 25 MMT of U.S. soybeans in each of 2026, 2027 and 2028, according to the U.S. Grains and BioProducts Council. China will resume purchases of U.S. sorghum. In addition, according to the deal’s details, China will suspend all retaliatory tariffs it announced in March, including tariffs on U.S. corn, soybeans, wheat, chicken, pork, beef, and dairy products.
In exchange, among other things, the U.S. has agreed to lower the tariffs on Chinese imports by removing 10 percentage points of the cumulative rate, effective Nov. 10, 2025, and will maintain its suspension of heightened reciprocal tariffs on Chinese imports until Nov. 10, 2026. It will also further extend the expiration of certain Section 301 tariff exclusions until Nov. 10, 2026.
“We are pleased to see the new trade deal the Trump administration has struck with China and appreciate all the work that went into making it possible,” the U.S. Grains and BioProducts Council stated in a news release issued Nov. 4. “China has been a top five trading partner with the United States for decades, and our relationship benefits the value chain globally, so we appreciate the administration’s effort that should allow us to more easily continue to work with our partners there on behalf of the U.S. corn and sorghum industry and to benefit the entire agricultural community.”
This is a developing story and updates will be posted on hpj.com.
