China Cuts Tariffs on US Farm Goods but Leaves Soybeans Out

Cargo ship loading US corn and wheat at a port as China tariffs on US farm goods are cut but soybeans are excluded

BEIJING, Sept 28, 2026: China is set to cut tariffs on a broad range of US agricultural goods, including corn, wheat, meat and dairy. Soybeans, the biggest US farm item Beijing buys, are not on the list issued by the commerce ministry on Monday. US soybeans will keep facing an extra 10% tariff, which traders say is too high for private buyers to absorb. Background: How China US Trade Relations Reached This Point Markets had been waiting for this announcement since last week’s Washington summit between Chinese President Xi Jinping…

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