China halts purchases of some US farm goods

According to sources familiar with the matter, the Chinese government is telling companies to cease imports of key US agriculture commodities after Washington said it would eliminate special treatment for Hong Kong to punish Beijing.
calendar icon 2 June 2020
clock icon 4 minute read

China has also been purchasing soybeans in recent weeks from Brazil, during that country's peak export season.

Private Chinese importers have not received a government order to suspend all buying, although commercial buyers are very cautious, according to a third source with a major trading house.

"A certain scale of trade will be halted" but it is not a full stop, said a fourth source familiar with government plan.

China could easily find other sellers of farm products, he added.

The sources all declined to be named due to the sensitivity of the matter.

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