The increase in tariffs on Chinese exports implemented by the U.S. from May 10 has drawn a vow from the Chinese government to “take necessary countermeasures”. At a minimum that will likely involve rolling back increased commodity imports. Chinese imports of soybeans from the U.S. rose 31.9% year over year in March as negotiations continued, following a 62.3% year over year drop in the prior three months. Brazilian exporters already lost out with exports in March to China having fallen by 10.9%. The Chinese government expects to increase its own production of soybeans to the highest in 1...