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Chicago — On Wednesday, China made its first major purchases of US soyabeans since President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier in December, providing some relief to US farmers who have struggled to find buyers for their record-large harvest. In an interview on Tuesday, Trump said the Chinese were already buying a "tremendous amount" of US soyabeans and would also soon cut tariffs on US vehicles. The purchase of more than 1.5-million tonnes of beans is the most concrete evidence yet that China is making good on pledges that the US government said Xi made, when the two leaders met on December 1 and agreed to a 90-day detente to negotiate a trade deal. Global markets had whipsawed since then, with little sign that China was making the substantial purchases of U.S. farm, energy and industrial products that Trump said would start immediately after the meeting. Investors have been sceptical about the progress made toward ending a trade wa...

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