Agri-Pulse reports:
Washington, DC -- The White House on Saturday issued a fact sheet on U.S. negotiations with China last week. It says China has agreed to lift all retaliatory tariffs on U.S. ag products imposed during Trump's second term.
"This includes tariffs on a vast swath of U.S. agricultural products: chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products," the fact sheet reads.
To read the fact sheet
click here.
China responded to new U.S. tariffs in March with a 20% retaliatory tariff on U.S. soybeans and other agricultural products. Lifting those tariffs puts U.S. soybean rates at the same level as Brazil's.
In return, the U.S. said it would cut its 20% fentanyl tariffs on China to 10%.
The fact sheet also clarifies China's soybean purchase commitments. It said China will buy 12 million tons in the last two months of 2025, and 25 million tons in the three subsequent calendar years.
Analysts warn, however, that logistics may not be in place to meet the 12 million-ton target after several months of no sales. For their report
click here.
Take note: U.S. officials have been the only ones to detail the deal's contents. China has provided few specifics, particularly about agriculture. The Ministry of Commerce only says that the two sides agreed to expand agricultural trade.