China would purchase U.S. soybeans if the United States removes what it calls "unreasonable tariffs" and creates conditions to support bilateral trade, a Chinese commerce ministry spokesperson said Thursday.
Despite being the world's largest soybean buyer, China has yet to book U.S. cargoes from the autumn harvest, favoring South American supplies instead. Senior Chinese trade negotiator Li Chenggang recently met U.S. Midwest political and business leaders, signaling potential purchases ahead of broader trade talks.
However, disagreements over technical details are complicating negotiations, with Chinese and U.S. officials set to meet again at the U.S. Treasury later today.
Source: Trading Economics
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