China Suspends Retaliatory Tariffs, Giving U.S. Peanut Farmers a Boost
Peanut farmers across the United States are watching global markets closely as peanuts come in from the fields and head into warehouses for shelling. This year’s crop arrives during a period of shifting international trade dynamics—changes that could bring some welcome relief for growers.
One of the most important players in the global peanut market is China. As analysts point out, “China is the United States’ fourth largest export market for peanuts and peanut products, ranging from $72 million to sometimes $250 million annually for each of the past five years.” That makes any policy change involving China highly significant for U.S. peanut producers.
China Suspends Most Retaliatory Tariffs
In a move widely seen as positive for U.S. agriculture, nearly all of China’s retaliatory duties on peanuts have been paused. As explained, “Especially all but 10% of China’s retaliatory tariffs on imports of U.S. peanuts and peanut products are hereby suspended.”
This is welcome news for farmers hoping to see China return as a major buyer. As the report notes, “And that’s good news for peanut farmers. They want China back buying again. China has been buying lower quality peanuts and make them into peanut oil.”
While the tariff relief is significant, “Most favored nation tariffs have not changed and will remain in place,” meaning the baseline tariff structure still applies.
Tariff Exclusions Extended Through 2026
China also took another step toward stabilizing trade with the United States. According to analysts, “China also extended until December 31, 2026, its tariffs exclusion process for its tariffs applied in response to the U.S. tariff action.”
This extension helps ensure that U.S. peanut shipments remain more competitive in China’s market over the next several years.
Shipping Fees Suspended as Trade Tensions De-Escalate
The two countries have also eased pressure on maritime trade. As noted, “In addition, the U.S. and China each suspended new fees to be imposed on various ocean ships arriving in each other’s ports. The fees have been suspended through after November 9, 2026.”
For producers and exporters, fewer shipping fees mean lower transportation costs and a smoother flow of goods.
A Step Toward Normalized Peanut Trade
These developments mark continued de-escalation in the U.S.–China tariff dispute, a shift that could help rebalance the peanut market and support stronger export demand heading into 2025 and 2026. Farmers and shellers hope this renewed access will help move inventory and improve price stability in the months ahead.
Audio Reporting by Tyron Spearman for Southeast AgNet.