The U.S. share of China's soybean imports has dropped to 10% in the 2018-2019 market year, while Brazil's share has grown to 77% in the same time period. Tariffs on U.S. soybean exports to China have heavily impacted the crop's imports to China.
China said it will waive import tariffs for some soybean and pork shipments from the U.S., according to The Pig Site. The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the finance ministry said in a statement, citing a decision by the country's cabinet.
Dealers who Ag Equipment Intelligence editors have spoken with in recent weeks say the corn growers in their areas are in better shape than soybean producers. As a result, they aren’t expecting their customers growing soybeans to be in the spending mood when it comes new or updated equipment.
If China enacts their announced tariffs on U.S. ag products, farm equipment dealers and manufacturers will feel it just as acutely. Already jittery about making capital investments, putting the proposed tariffs into effect, farmers could easily decide to put off replacing that tractor for another year.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.