China Announces Tariff Cuts on US Agricultural Goods, Soybeans Excluded

China is set to reduce tariffs on a wide range of US agricultural products, including corn, wheat, meat, and dairy, as part of a $60 billion reciprocal tariff cut package. However, soybeans, a significant US export to China, were notably excluded from the tariff-reduction list. This move follows a recent summit between Chinese President Xi Jinping and US President Donald Trump.