China’s Soybean Buying Spree After Trade Truce Thrills Farmers, Shakes Markets
After years of fraught trade relations, Washington and Beijing reached a breakthrough at a summit in Busan, South Korea on October 30, 2025. U.S. President Donald Trump and China’s President Xi Jinping agreed to a one-year pause in their tariff war – a deal that included major agricultural commitments. Both leaders hailed an “amazing” meeting as they shook hands on a U.S.-China trade trucets2.tech. Under the accord, China pledged to resume buying U.S. soybeans and energy, while the U.S. agreed to scale back some tariffsts2.tech. Notably, Beijing said it will defer new rare-earth export controls for a year and the U.S. will cut certain tariffsts2.tech.
