NEW DELHI: China is set to reduce tariffs on a wide range of agricultural products imported from the United States, including corn, wheat, sorghum, meat and dairy, but US soybeans have been left out of the tariff-reduction list, according to Reuters.

The list, issued by China’s commerce ministry following last week’s summit between Chinese President Xi Jinping and US President Donald Trump, also covers vegetable oils and meals, including soybean oil and soybean meal. The announcement is part of a broader package involving reciprocal tariff reductions on about $60 billion worth of goods between the two countries.

US soybeans will continue to face an additional 10% tariff. Traders have warned that the tariff could make it difficult for private Chinese processors to absorb the additional cost, although Chinese state-run buyers have continued purchasing US soybeans.

Chinese state-owned agricultural companies Sinograin and COFCO have purchased more than 12 million metric tons of US soybeans, nearly half of the 25 million metric tons that the White House has said China agreed to purchase annually through 2028. However, Beijing has not independently confirmed that purchase target.

The tariff reductions cover agricultural and related products with trade worth around $17 billion in 2024, excluding soybeans, according to Reuters calculations. The two countries have also agreed to establish an agriculture working group under a new trade council to discuss market access and regulatory issues.

The move follows the latest Xi-Trump summit and comes as Washington and Beijing seek to maintain a more stable trade relationship while negotiating further tariff reductions and extending their broader trade truce.