Part 3/11:

Despite these tariffs, China has granted a grace period for shipments already en route, which helps to minimize immediate disruptions. Interestingly, the reduction in U.S. agricultural imports shows a significant shift in China's trade patterns, with U.S. soybean imports currently accounting for just 18% of total imports, a stark decline attributed to increased competition from Brazil. Furthermore, corn imports have decreased by nearly 80% since prior trade disputes.