The US exported more soyabeans to China in February than it did the year before, the first such rise since the two countries’ tariff war flared last year.
US trade data released Wednesday showed that the 2.1m tonnes of soyabeans the US shipped to China in February was 5,900 more than in February 2018. The last time exports rose on an annual basis was in May 2018, the data showed.
Soyabeans were traditionally the largest US agricultural export to China, with sales of more than 30m tonnes per year. The shipments dropped to 8.3m tonnes in 2018 after China imposed a 25 per cent tariff last July.
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