25%.

Starting from July 6, 2022, my country will officially impose a 25% import tariff on U.S. soybeans, which will increase the import cost of U.S. soybeans by 700-800 yuan/ton, which is about 300 yuan/ton higher than Brazilian soybeans. , due to the loss of competitive advantage after the imposition of tariffs, domestic companies have significantly reduced their purchases of U.S. soybeans.

The most-favored-nation tariff for soybean imports is 3%, the ordinary tax rate is 180%, and the import tax sub-category of non-GMO soybeans is added. This means that the 20 million tons of grain import orders signed by Chinese buyers in recent times will not be affected.