China is considering retaliatory measures on US agriculture and food products in response to tariffs from the Trump administration that are scheduled to take effect on Tuesday, according to the Global Times.
China is considering retaliatory measures, including tariffs and non-tariff measures, on U.S. agriculture and food products in response to tariffs imposed by the Trump administration, according to the Global Times. The measures could disrupt U.S. soybean shipments, tightening the market further. China is the world's largest importer of soybeans, which are primarily used for cooking oil and animal feed. Previous tariffs imposed by China during Trump's first term led to a significant drop in U.S. soybean sales to China.