BEIJING – China – China has placed orders for American agricultural products, including wheat and sorghum, following a recent summit between U.S. President Donald Trump and Chinese President Xi Jinping, signalling a tentative easing of trade tensions between the world’s two largest economies.
While the purchases are relatively modest—about 120,000 metric tons of U.S. wheat for December delivery—traders say the move is more of a political gesture than a commercial breakthrough. China has kept a 13 per cent tariff on U.S. soybeans, rendering them uncompetitive compared to cheaper Brazilian supplies.
Beijing also announced it would suspend certain retaliatory tariffs on U.S. goods, especially farm items, though most punitive measures remain in place. Analysts say the step may reflect a strategic decision by China to recalibrate its trade posture while retaining leverage over agricultural imports.
The developments are being closely watched by U.S. farmers eager for renewed access to a key market that had largely closed off in recent years. For now, the resumption of American shipments appears symbolic but could lay the groundwork for expanded trade if both governments follow through on verbal commitments.
This story has been reported by PakTribune. All rights reserved.