China offers tariff exemption to importers buying 10 million tons of soybeans

The Chinese government has promised soybean importers tariff exemptions if they purchase 10 million tons of soybeans from the US.

Photo: Natacha Pisarenko/AP/Ritzau Scanpix

Import 10 million tons of US soybeans and be exempted from tariffs, China's government told Chinese and international soybean processing firms, according to Reuters.

But no soybean sale took place, as US prices were too high, export traders in the US inform.

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