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The article reports on China and the United States announcing a reduction in tariffs on goods valued at $60 billion, along with a two-month extension of the trade truce. However, the exclusion of American soybeans, worth $16.2 billion in 2025, disappointed U.S. producers, particularly since retaliatory tariffs on soybeans hinder their purchases in the Chinese market and keep import control in the hands of state-owned companies. Based on 2024 data, China has not provided a timetable for implementing the reductions; meanwhile, the Chinese Ministry affirms that the extension aims to assess current commitments, promote a stable political environment, and facilitate cooperation among companies, in the context of past efforts to reorganize the trade relationship between the two countries.
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