China halted imports of US soybeans two weeks after the trade truce

China’s purchases of American soybeans appear to have stalled less than two weeks after the United States announced a sweeping trade truce, marking a warming of relations between the world’s two largest economies, Bloomberg reports. After a flurry of orders late last month, marking the first of the season, China’s imports of American cargoes appear to have slowed, according to traders who requested anonymity discussing confidential information. They said they were unaware of new shipments. The pause heightens uncertainty about whether the world’s largest consumer of American soybeans will be able to import as much as the Trump administration has said it expects. Washington said Beijing has committed to buying 12 million tons of soybeans by the end of this year, followed by 25 million tons annually for the next three years. China has not yet confirmed the specific purchasing commitments outlined by the Trump team, but Beijing has reduced tariffs on U.S. soybeans and lifted import ...