China recently purchased 1.25 million tons of American soybeans
According to a Reuters report on December 20th, US President elect Trump has stated that he will impose a 10% tariff on Chinese goods after taking office, leading to many fermentation incidents before his inauguration in January next year. Chinese companies purchased approximately 750000 tons and 500000 tons of American soybeans last week and this week, respectively
Reuters reported on the 20th, citing two informed traders, that Chinese companies purchased 500000 tons of US soybeans this week, which will be delivered in March and April next year. China also ordered 750000 tons of US soybeans last week, which are expected to be delivered from January to March next year
The report states that China is the world's largest importer of soybeans and an important market for the United States and Brazil, with their combined soybean supply accounting for over 90% of China's imports in 2023
In fact, the impact of Trump's possible "tariff war 2.0" on international commodity trade is not limited to this. At the beginning of this month, it was also reported that China may cancel more US wheat orders due to concerns about Trump raising tariffs. This also gave the Argentine government an opportunity, and relevant companies actively contacted China, hoping to serve as a substitute for wheat imports
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