China and the United States have reached a soybean trade agreement, and China will increase its imports of U.S. agricultural products.

Foreign media: After China and the US reached an agreement on soybean imports, China stated that it will encourage enterprises to import American agricultural products according to market principles. China said that as long as the price of US soybeans is competitive, the quality is good and the supply is sufficient, Chinese companies will make many deals with US exporters and farmers.

The White House said that China will purchase at least 12 million tons of US soybeans in the last two months of this year, and import at least 25 million tons annually over the next three years. At the same time, China announced that it will cancel the additional tariffs on some US agricultural products from November 6th, with the tariff on soybeans being reduced from the previous 10% to 0.

Original text: www.toutiao.com/article/1848110462982156/

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