What is happening: China have approved DowDuPont Inc’s new herbicide-resistant soy bean.
Soybean: This new bean will open up new markets in the US, as DowDuPont have been holding back on selling it until they were granted approval.
Biotech: This is a step towards China’s commitment to speeding up the biotech approvals process, something the US have been criticising during trade talks.
Tariffs: Tariffs drove down US soybean exports to China by 62% in the first 10 months of 2018. This harmed American farmers who must spend more and more money on chemicals, with the spread of herbicide-resistant weeds.