mo4ch:>Say it ain't soy: China puts US soybean purchases on hold, sources say | Mo4ch News

The world’s biggest soybean consumer, China, has ordered state-grain buyers to stop purchases of the product from the US in response to the latest Washington tariffs, Bloomberg reported citing people familiar with the matter.China boosted the imports as a goodwill gesture when the leaders of the two countries agreed to halt the tariff row late last year. Back then the move provided some relief to a significant part of Trump’s voter base, the American farmers, who are struggling to find buyers for their massive harvest. The renewed Chinese ban can hit them hard, given that soybean futures have recently slumped.Also on rt.comRussia to replace US soybean exports to China amid escalating trade warThe Chinese state-owned grain buyers don’t expect that the order to continue the purchases will come any time soon, according to Bloomberg. However, Beijing is not going to cancel previous orders for American soybeans. Earlier, it pledged to buy around 10 million tons and is reportedly yet to tak…