# China grants duty exemption on U.S. soybean imports - sources

> China has granted tariff exemptions to some crushers to import US soybeans, according to five sources. The exemptions follow a plan China announced in February to meet phase one trade deal commitments.

- Date: 2020-03-06 · published 2020-03-06T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53996-china-grants-duty-exemption-on-u-s-soybean-imports-sources
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower duties on US soybean cargoes make US beans more competitive for Chinese crushers, supporting US export demand and soybean prices relative to Brazilian supply.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.9% | +17.2% |
| SOY | 2023-01-17 | [China’s December soybean imports jump](https://feedsoft.ai/events/37768-china-s-december-soybean-imports-jump.md) | -3.1% | +0.3% |
| SOY | 2019-09-24 | [China gives waivers to importers to buy U.S. soy exempt from tariffs: sources](https://feedsoft.ai/events/56921-china-gives-waivers-to-importers-to-buy-u-s-soy-exempt-from-tariffs-sources.md) | +1.5% | +4.6% |
| SOY | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +2.4% | -1.8% |
| SOY | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | -0.6% | +2.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-agriculture/china-grants-duty-exemption-on-u-s-soybean-imports-sources-idUSKBN20T14U/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.