As stability is established in US-China trade relations, tariffs on agricultural products are decreasing.

Commercial relations between the United States and China are entering a phase of relative stability following a prolonged period of uncertainty. According to official statements made on Thursday, both superpowers are preparing to take concrete steps to reduce customs duties imposed on each other's agricultural products. This indicates that the existing trade truce between the two countries is being preserved and elevated to a more institutional and predictable structure.

If the tax reductions come into effect, a significant increase in demand from Chinese buyers for American-origin soybeans is anticipated. This strategic move aims to lower the cost of American soybeans below that of rival Brazilian products, enabling American producers to gain a competitive advantage in the Chinese market. Historian and economic commentator Adam Tooze describes the current situation as a "strange calm," emphasizing that the administrations in Pekin and Washington are displaying a highly stable stance in maintaining trade peace.

Amid these emerging dynamics, China's recent increase in exports and intense flow of goods to global markets have shifted the focus of discussions entirely to the European Union. The European continent is experiencing significant difficulties in developing a collective and coherent struggle strategy among member countries to halt the pressure of cheap products from China and safeguard its economic prosperity. This situation continues to create serious economic distress for European manufacturers.

Experts indicate that while China's increasing export capacity affects European economies, the risk of this escalating into a broader crisis within the global economic system is currently low. As Adam Tooze also emphasized, although this process is quite painful for Europe, it poses a limited threat for now in terms of overturning the global trade system or turning into a direct explosive economic crisis.

On the other hand, this positive divergence on the US-China front brings about the formation of an economic front where Europe is left to struggle alone. The US pursuing a more pragmatic trade path with China encourages an increase in trade volume for agricultural products like soybeans, while Europe faces increasingly aggressive competition from Chinese rivals in technology and industrial products.