US soybean farmers can't afford trade war with China, warns ASA
US soybean farmers can't afford trade war with China, warns ASA
agfundernews.com Soybean farmers urge Trump to cut a deal with China: ‘We cannot survive a prolonged trade dispute'
American soybean farmers have urged President Trump to cut a deal with China that removes retaliatory duties on US soybeans.
Historically, China has been the top buyer of US soybeans by “a staggering margin,” says the American Soybean Association. This year, with US soybeans facing retaliatory tariffs amid the ongoing trade war, China is going elsewhere.
In a letter urging President Trump to cut a deal with China that removes China’s retaliatory duties and includes “significant soybean purchase commitments,” the ASA says China “currently has zero new crop export orders for US soybeans on the books for marketing year 2025/26.”