China\u2019s purchases of US soybeans appear to have stalled less than two weeks after a wide-ranging trade truce suggested thawing relations between the world\u2019s two largest economies. Traders reported no new shipments following last month\u2019s initial orders, raising doubts over whether China will meet the purchasing targets cited by the Trump administration.\u201d<\/p>\n
The US administration announced that Beijing committed to purchasing 12 million tons of soybeans over the remainder of 2025. Beijing is also set to acquire 25 million tons yearly over the next three years. However, US soybeans face tariffs while shipments from the LatAm region have no tariffs, potentially dampening demand for US soybeans.<\/p>\n
Will the Supreme Court Unravel Trump\u2019s Tariffs?<\/p>\n
President Xi could be monitoring developments in Washington, given the Supreme Court\u2019s ongoing review of Trump\u2019s trade policies.<\/p>\n
The US administration could face more than a $3 trillion refund bill if the Supreme Court deems Trump\u2019s tariffs illegal. President Trump commented on the potential impact of an adverse ruling on Monday, November 10, stating:<\/p>\n
\u201cThe US Supreme Court was given the wrong numbers. The \u2018unwind\u2019 in the event of a negative decision on tariffs, would be, including investments made, to be made, and return of funds, in excess of 3 Trillion Dollars. It would not be possible to ever make up for that kind of a \u2018drubbing.\u2019 That would truly become an insurmountable National Security Event, and devastating to the future of our Country \u2013 Possibly non-sustainable!\u201d<\/p>\n
Concerns about the US and China sticking to the one-year truce have weighed on sentiment.<\/p>\n
Mainland Equities Reflect Investor Caution<\/p>\n
Mainland China\u2019s equity markets have fallen back from October\u2019s highs despite the October Trump-Xi agreement. Recent trade developments have raised fears of a potential re-escalation in the trade war.<\/p>\n
The CSI 300 has fallen 2% from its October 30 high of 4,761.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s purchases of US soybeans appear to have stalled less than two weeks after a wide-ranging trade truce…\n","protected":false},"author":2,"featured_media":279630,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46,31700,84829,84830,2641,25460],"class_list":{"0":"post-279629","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy","12":"tag-fundamental","13":"tag-home-page-2","14":"tag-hong-kong-hang-seng","15":"tag-indices","16":"tag-nasdaq-composite-index"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/279629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=279629"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/279629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/279630"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=279629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=279629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=279629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}