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In a significant development for global trade, the United States and China have agreed to a 90-day suspension of additional tariffs imposed on each other’s imports.

In this special feature, ASAP Agri’s Chief Analysts Inna Stepanenko and Kateryna Mudriian unpack the evolving dynamics in U.S. -China trade and examine whether the Black Sea region — particularly Ukraine, Russia, and Romania — is ready to step in and fill the gap left by the U.S. absence in Chinese imports, or whether South America will ultimately capture the lion’s share of demand.

As the U.S. reinstates tariffs on key trading partners, the global grain market is facing unprecedented disruptions. With escalating trade tensions and retaliatory measures from Canada, China, and Mexico, the U.S.'s once-dominant position in global grain exports is now under threat.

The escalating trade war, fueled by President Trump’s tariff hikes, has destabilized global markets, especially in grain trade and food security.