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China imports zero U.S. soybeans in November for first time since trade war started, turns to Brazil


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https://www.nbcnews.com/news/world/china-imports-zero-u-s-soybeans-november-first-time-trade-n951556

 

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China's soybean imports from the United States plunged to zero in November, marking the first time since the trade war between the world's two largest economies started that China, the world's largest soybean buyer, has imported no U.S. supplies.

 

Instead, China has leaned on Brazilian imports to replace the U.S. cargoes, customs data showed on Monday.

 

China brought in 5.07 million metric tons of soybeans from Brazil in November, up more than 80 percent from 2.76 million metric tons a year ago, data from the General Administration of Customs showed.

 

Meanwhile, U.S. imports plunged from 4.7 million metric tons in November 2017 and were down from 67,000 metric tons in October.

 

And with them leaning on Brazil, I wonder if they'll stay with Brazil and form a relationship. They're under no obligation to import from us.

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6 minutes ago, SaysWho? said:

https://www.nbcnews.com/news/world/china-imports-zero-u-s-soybeans-november-first-time-trade-n951556

 

 

And with them leaning on Brazil, I wonder if they'll stay with Brazil and form a relationship. They're under no obligation to import from us.

Bolsonaro -- the right-wing populist that will assume the Brazilian presidency on January 1 -- made repeated anti-China statements in the past, but he's softened his stance since being elected.

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