# China Approves Tariff-Free U.S. Soybean Purchases as Goodwill - Bloomberg

> Chinese authorities approved five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory tariffs while trade talks continue. The approval was reported by Bloomberg citing people familiar with the matter.

- Date: 2019-07-24 · published 2019-07-24T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/57946-china-approves-tariff-free-u-s-soybean-purchases-as-goodwill-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tariff-free access for up to 3 million tons would lift demand for U.S. soybeans and support soybean and meal prices. The scale is meaningful but depends on the talks continuing.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-26 | [China Said to Expect Record U.S. Soybean Purchases This Year - Bloomberg](https://feedsoft.ai/events/51649-china-said-to-expect-record-u-s-soybean-purchases-this-year-bloomberg.md) | +4.5% | +11.0% |
| SOY | 2025-11-17 | [Soybean Futures Rebound on Signs China Is Ramping Up Purchases - Bloomberg](https://feedsoft.ai/events/7887-soybean-futures-rebound-on-signs-china-is-ramping-up-purchases-bloomberg.md) | +1.1% | -3.7% |
| SOY | 2025-09-25 | [China says it will resume US soybean purchases following a rollback in tariffs \| S&P Global](https://feedsoft.ai/events/14636-china-says-it-will-resume-us-soybean-purchases-following-a-rollback-in-tariffs.md) | +0.4% | +2.6% |
| SOY | 2026-07-08 | [China makes biggest U.S. soybean purchase since November - TT](https://feedsoft.ai/events/14563-china-makes-biggest-u-s-soybean-purchase-since-november-tt.md) | +0.9% | -3.5% |
| SOY | 2020-06-19 | [China to Speed U.S. Farm Purchases After Secretive Hawaii Talks - Bloomberg](https://feedsoft.ai/events/52461-china-to-speed-u-s-farm-purchases-after-secretive-hawaii-talks-bloomberg.md) | -0.4% | +2.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-07-24/china-approves-tariff-free-u-s-soybean-purchases-as-goodwill

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