British media said that a small order of soybeans in China was thrown to the United States. In the future, China will buy some more replaceable commodities from the United States.
Reuters recently published an article on the editorial channel that Chinese companies had previously purchased at least 500,000 tons of US soybeans. But the article said that from January to October last year, China purchased a total of 2140 tons of US soybeans, 50 tons of the problem for the United States is just a slack, maybe this is only an option when Brazilian soybeans are not yet available. This order is like a piece of sugar thrown at the United States, but this sugar makes Trump, who is volatile, very satisfied. The article said that the re-import of crude oil, liquefied natural gas (LNG) and coal is a good signal to show the alleviation of Sino-US trade problems. Although there are many possible sellers to choose from, China's previous imports of US oil and liquefied natural gas accounted for 3.6% and 6% of the total import volume in a year, which is not low.
But even now China is making huge concessions, these purchase figures are still not too much. If you want to pay attention to how the dispute between China and the United States will proceed, it will be important data to see energy imports. The Ministry of Commerce mentioned as early as December 6th that China is effectively advancing the agreements reached in the fields of agriculture, energy, and automobiles with the United States. Given that the two parties are still discussing in these areas, China is confident Agree with the United States on trade issues.
China is preparing to start purchasing corn from the United States in January 2019. This purchase is expected to reach 3 million tons. China is also reconsidering the issue of a 25% tariff on US corn in July 2018. The agricultural sector has already begun to import soybeans and corn and other products, and China in the automotive sector has confirmed that from January 1, 2019, the tariff rate on cars and parts originating in the United States will be reduced from 40% to 15%, but Trang Pu said the 15% tax rate is still too high.
(Article source: current affairs)
