BEIJING, CHINA — An easing of trade tensions boosted China’s imports of U.S. soybeans in April, but its imports from Brazil more than doubled in the month, Reuters reported.
The ongoing trade war between China and the United States brought soybean imports to a virtual halt after China implemented a 25% tariff on U.S. soybeans. Tensions eased after a truce in December, but Reuters reported another 6 million tonnes of anticipated purchases could be in trouble as trade relations disintegrated again.
China purchased 1.75 million tonnes of soybeans from the United States, up 15.9% from March, according to data from the General Administration of Customs.
Imports from Brazil, however, soared to 5.79 million tonnes, up from 2.79 million tonnes in March.
Overall, China imported 7.64 million tonnes of soybeans in April, up 11% from March.