The US soyabean industry was able to breathe a sigh of relief after hearing China 's retaliatory response to US President Trump 's $ 60bn tariff on Chinese goods . Instead of imposing tariffs on soyabeans as most have , China responded by banning other US exports including pork , steel pipes and cement , for a total of $ 3bn . In 2017, soybeans accounted just over half of the dollar value of all U.S. agriculture-related exports to China, the total of which was about $24 billion. China is the world 's largest importer of soyabeans and over half of all agriculture - related exports to the country are for the grain .
The US soyabean industry was able to breathe a sigh of relief after hearing China 's retaliatory response to US President Trump 's $ 60bn tariff on Chinese goods . Instead of imposing tariffs on soyabeans as most have , China responded by banning other US exports including pork , steel pipes and cement , for a total of $ 3bn . China is the world 's largest importer of soyabeans and over half of all agriculture - related exports to the country are for the grain .