In response to U.S. proposed tariffs on Chinese products, China on Wednesday hit back with a slew of tariffs on U.S. goods, including a 25-percent on soybeans.

Ambank Research highlighted in its note Thursday that other countries' soybean exporters will also be winners under China's recent countermeasures.

"With China's new 25-percent tariffs on U.S. soybeans, the single most valuable exporter to China worth 14 billion U.S. dollars annually, it will be a boon for other exporters of the grains like Brazil and Argentina given that the U.S. soybeans will now become more expensive," it said, adding that Russia might also be able to make up some of the shortfall in supply of soybeans.

China is the largest purchaser of U.S. soybeans, consuming nearly a third of U.S. production worth 14 billion dollars annually.

【国内英语资讯:Palm producers to benefit from Chinas proposed tariffs on U.S. soybeans: Malaysian analyst】相关文章：

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