China is studying the potential impact of trade measures imposed on soybeans imported from the U.S., valued last year at $13.9 billion, according to people familiar with the matter.
Speculation is mounting over China’s response to U.S. tariffs on imported solar panels and washing machines announced last month. The Ministry of Commerce has been looking into the consequences of measures against U.S. soybeans since January, according to the people, who asked not to be identified because the information hasn’t been made public. That includes anti-dumping and anti-subsidy probes, they said.
Commodities are particularly exposed to escalating trade tensions between the world’s biggest economies. China has already started an anti-subsidy and anti-dumping investigation into U.S. grain sorghum, less than two weeks after President Donald Trump announced tariffs on solar panels and washing machines. Click here to read more.