China Buys More Argentine Soybeans as Tax Relief Spurs Trade (1)

China bought at least 10 more cargoes of Argentine soybeans, taking advantage of a temporary break in the South American country’s export levies to stock up amid a trade war with the US, its second-largest supplier.

Importers snapped up the shipments on Tuesday, mainly for loading in November, according to people familiar with the matter. That extends a buying spree prompted by Buenos Aires suspending export taxes on key crops including the oilseed.

In a sign that Beijing is once again using agriculture as leverage in its trade fight with Washington, China hadn’t booked a single US cargo as ...