China Announces Tariff Cuts on U.S. Agricultural Goods, Excludes Soybeans
China cuts tariffs on U.S. farm goods but excludes soybeans, signaling complex trade dynamics amid growing economic ties.
POLICY WIRE — Beijing, China — China has announced plans to lower tariffs on a wide range of U.S. agricultural products, including corn, wheat, meat, and dairy, but has excluded soybeans from the tariff-reduction list, according to the Commerce Ministry’s release on September 28, 2026.
The move comes after recent high-level talks between Chinese President Xi Jinping and U.S. President Donald Trump, with traders closely watching for signs of improved trade relations. The updated tariff list includes sorghum, vegetable oils, and meals like soyoil and soymeal, as well as other agricultural commodities.
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Despite the reductions, U.S. soybeans remain subject to an additional 10% tariff, which industry experts say is too costly for private processors to absorb. Meanwhile, state-owned Chinese companies have purchased over 12 million metric tons of U.S. soybeans in recent months, nearly half of the 25 million metric tons the White House said Beijing committed to buying annually through 2028. Both nations have agreed to establish a trade council to address reciprocal tariff cuts on $30 billion worth of goods.
Reporting by Policy-Wire (PW)
