BEIJING, CHINA — About 300,000 tonnes of U.S. soybeans were purchased by Chinese importers after Beijing offered new tariff waivers on at least one million tonnes of soy, according to Reuters.
The shipments are expected in January and February.
The tariff waivers exempt importers from 30% tariffs on U.S. shipments.
China’s purchases of U.S. soybeans have been inconsistent since the ongoing trade war between the two countries.
Reuters cited the U.S. Department of Agriculture in noting the 300,000 tonne purchase of soybeans on Dec. 9 was the largest in two weeks.