Economy Politics Country 2025-11-06T13:08:27+00:00

China Resumes U.S. Wheat Purchases After Trump-Xi Meeting

The meeting between U.S. and Chinese leaders in Seoul helped ease trade tensions. China made its first U.S. wheat purchase since last October and announced the removal of certain tariffs, signaling a positive move for global markets.


China Resumes U.S. Wheat Purchases After Trump-Xi Meeting

Investors welcomed the meeting between U.S. President Donald Trump and Chinese leader Xi Jinping in South Korea, which helped ease concerns about the trade dispute between the world's two largest economies, which disrupted the flow of goods, including key agricultural products.Traders reported on Thursday that China had booked two shipments of U.S. wheat following last week's meeting between the two leaders, the first such purchases since October of last year, indicating a easing of trade tensions between Washington and Beijing.On Wednesday, Beijing announced it would lift the tariffs it had imposed on March 4 on certain products, effective November 10.